Final answer:
Project management governance aims to streamline operations and align project goals with strategic objectives, enhancing rather than decreasing stakeholder engagement. Effective governance increases accountability, transparency, and communication leading to more involved stakeholders.
Step-by-step explanation:
Governance of all project management processes and procedures is fundamentally designed to streamline operations and ensure that project goals align with the organization's strategic objectives. Senior management benefits from governance in areas such as resource allocation, risk management, and alignment with business goals. However, one area where governance does not inherently provide benefit is in decreased stakeholder engagement. On the contrary, effective governance should ideally lead to enhanced stakeholder engagement as it ensures transparency, accountability, and clear communication.
Engagement of stakeholders is critical for the success of a project. This involves consistently involving them in the decision-making process, updating them on project progress, and taking their feedback into consideration. It is not something that governance looks to decrease; rather, governance frameworks are likely to include mechanisms for stakeholder engagement to keep the project in line with stakeholder expectations and requirements.
Examples of things that might lead to increased stakeholder engagement include opening government records to citizen scrutiny, forcing agencies to hold public meetings, and effective communication strategies. Governance that leads to empowering Congress or requiring annual evaluations by the president might also involve stakeholder considerations. However, governance on its own does not aim to reduce stakeholder involvement; instead, it provides a pathway for stakeholders to have a voice in the process, thereby strengthening the project's foundation and increasing its chances of success.