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Project Review, Assurance and
Governance Support
Ajay B Parasrampuria
Founder and Director
i2m Management Services Pvt. Ltd. | Project Management
Academy, Inc.
Copyright Warning:
Please note this presentation is a copyright of i2m and it contains key conceptual
approaches used by i2m for its client engagements. Please do not copy and or reproduce
any of the slides without written permissions of Ajay B Parasrampuria.

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Challenges in Realizing Business Benefit
from Strategic Initiatives
 Poor Speed in executing mission critical business initiatives
 Lack of reliable and relevant performance information on the
business programs and projects
 Missing alignment and integrated perspective of multiple
business initiatives
 Initiatives not delivering expected benefit that where envisaged
during the business case approvals
 Numerous changes and rework on the initiatives and that too
towards completion time
 Lack of execution capability and rigour in steering the programs
and projects to successful closure
 Indecision when to kill an initiative and which ones to push post-
initiation

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The rigor of review clubbed with support
and assurance to managers delivers
superior performance.
Organizations need to leverage and implement the
power of Project Review, Assurance and
Governance (PRAG) in a manner that doesn’t
challenge its existing culture but builds a focus on
providing fact based management.

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Project Review Assurance and Governance is based on the following
management tenets:
Review grounds people in reality. By providing clear and independently
validated information to project stakeholders, reviews help people avoid
cognitive biases and information bottlenecks. Reviews help organizations
in execution of individual projects and overall decision making across
portfolio of projects.
Assurance focuses on assessment and confirmation if a project is likely
to succeed, is the project aligned to the objectives and what can be done
to help it succeed. Assurance teams typically report to project sponsors
and portfolio managers who have a more direct stake in success of the
project.
Governance defines who is takes what decisions, what constitutes ‘due
process’ for making those decisions (e.g. who needs to be consulted) and
how to ensure this process is followed. Review and assurance functions
support good governance by ensuring that business leaders and decision
makers have accurate information and understand their options.
What is PRAG?

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How does PRAG work?
Project Review Assurance and Governance framework is based
around certain principles in order to ensure effectiveness:
1. Provides authority to the person accountable for the success of
the project
2. Allocates project ownership to a specialist team (e.g. PMO) not
to project stakeholders
3. Separates stakeholder management from project decision-
making activities
4. Separates project governance structure from organizational
governance structure

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How we support PRAG
A mentoring support service that plays a key role to ensure success
by:
 understanding what's really going on with projects
 assessing and confirming project success
 aligning project to objectives
 triggering effective action and decision making for success
across a portfolio of projects.
Understanding: People will have enough information to understand what
is being said about the project(s)
Acceptance: People will have enough information to believe what is
being said
Action: People will know what action could be taken to address the
issues

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The PRAG Model for Success

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PM Academy
COE
Partnership
Mentoring
&
Certification
Courses/E-
learning/Work
shops
i2m®
Professional
Services
Implementation
Support
PM/PMO
Managed
Services
Consulting
Our Service Verticals

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Outcome focused Services
Improve Project throughput with Project Portfolio Management
• Deliver project and resource visibility that captures critical dependencies and
constraints
• Exploit the constraints and Maximize the value of resources (knowledge, people and
money)
• Align strategic investments and their related program and projects to organization
goals
• Define ways to prioritize, balance and select initiatives
Improve Consistency with Methodology Development
• Cohesive and related process definitions aligned to global standards and industry
practices
• Organization structure and role definition
• Process sequences, along with content and toolkits for skill-building like
templates, checklists and implementation guidelines with samples/examples
Boost competitiveness by deploying/outsourcing PMO
• Supporting various levels of planning, budgeting and scheduling
• Maintaining consistent PM standards throughout the organization
• Internal consultation, mentoring and PM expertise on demand

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Outcome focused Services
Speeding Implementation with Plan Development
• Develop program and project implementation + schedule plans
• Develop integration and interdependency plans and assess/monitor
schedule integrity and project risk
• Set up and or manage programs, project reporting, assurance and
governance processes
Ensure Strategy Execution Success
• Break down objectives into aligned, integrated and balanced initiatives
• Improving the visibility into performance of the initiatives
• Building assurance in estimating and measuring benefits realization
• Review and Governance Support
Build PM Talent and Competencies
• Roles based training programs and assessment services
• Custom Workshop and Interventions
• Joint Certification Programs
• Mentoring and Coaching Services

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Institutionalizing PM and Execution Capabilities
Implementation Methodology
Manage
Implement
Define
• Direct PM Support
• Helpdesk
• Metrics and Value
Management
• Tool Support
• Goal Setting
• Plan and Phased
Implementation
• Methods and Standards
• Change Management
• Rationale and Mission
• Capacity Analysis
• Environmental Issues and
Services Levels
• Structure and Authority Levels
1
2
3

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Process and
Methodology
Development
Consulting
Training &
Education
IP & Knowledge Assets
Methodologies + Toolkits
PMO Deployment
Mega Projects
Portfolio Optimization
Strategy Execution Framework
Content
Metrics/Dashboard Library
Learning Content + Indian
case examples
Assessment Methods and
Metrics
PM/PMO
Deployment
Strategic
Interventions
Competency
Certification
E-learning
COE
Partnerships
Client Engagements

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Connect with us
www.i2m.in
www.pmacademy.in
Ajay B Parasrampuria
Founder and Director
i2m management services p. ltd.
Project Management Academy Inc.
Plot # 54, Yogendra Bhavan, J B Nagar
Andheri (E), Mumbai – 400059
Tel: +91 22 2820 8821 / 4462
Cell: +91 9833 833 200
Email: ajay@i2m.in