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Governance of Multi-owned Projects

Governance of Multi-owned Projects. Public Traditional Steering Cttee Programme Board – a la OGC. Public Private PFI Multi-level Joint Boards Shared Personal Objectives Partnering Protocol Balanced Scorecard re: Health of Relationship. Commercial Prime-Sub Joint Venture Alliance

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Governance of Multi-owned Projects

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  1. Governance of Multi-owned Projects Public • Traditional Steering Cttee Programme Board – a la OGC Public Private • PFI • Multi-level Joint Boards • Shared Personal Objectives • Partnering Protocol • Balanced Scorecard re: Health of Relationship Commercial • Prime-Sub • Joint Venture • Alliance • Partnering • Separate Co/Entity

  2. Governance of Multi-owned Projects • Factors – Top 5 • Balance of power between project owners • Divergence of strategic objectives • Cultural differences between owning organisations • Influence of personalities • Duration of owners’ commitment

  3. Governance of Multi-owned Projects • Factors – Second 8 • Degree of project team autonomy • Requirement for legal formalities • History/Track records of owners • Competition over common ground • (Government) political profile of project • Divergent corporate governance & reporting processes • International issues (language, regulations etc) • Geographic dispersion of project team

  4. Governance of Multi-owned Projects 10 Additional Factors (from Repertory Grid) Single goal Single ownership of governance Tangible benefits Tight scope Simple stakeholder management Profit driver Decisiveness Short-term Shareholder accountability Clear accountability ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ Multiple Shared ownership Non-tangible Flexible scope Complex/Multiple Cost/Benefit Procrastination Long-term Tax payer accountability Unclear accountability

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