6Q Governance launches at last

It’s November 2021 and years of hard work have finally come to fruition. Many thanks go to my co-author Vedran Zerjav, the publishing team at Wiley, and a small army of volunteers that have helped us to review and improve the book. It will soon hit bookstore shelves with the title:

Project Benefit Realisation and Project Management
The 6Q Governance Approach

Our hope is that every time Boards or their delegates approve a project they will hand their project sponsor a copy with the words “here … this will help”.

Like project managers, project sponsors are often handed the role by ‘accident’. Nothing in their background has prepared them for this role and they are expected to suddenly know how to steer and guide a project to success. It is not that easy and the book and now this website have been created to help project sponsors navigate unfamiliar terrain.

The book uses case studies to present the experience of past project sponsors and condense their advice into 6 guiding questions to implement Policy, Strategy, and create value through projects. This website has been created to support the book and provide a forum for project sponsors to discuss issues in detail. In the coming months, we will steadily build a library of posts that summarises the best advice (proven by research) that has ever been published. Please subscribe to our blog for weekly/monthly insights on how to effectively guide your projects to realise the expected business benefits. If you need advice immediately contact us directly if the forum is not yet up and running.

Good luck with your projects. We’re here to help…

PS. We have also created a sister website for project managers: www.pmcompetency.com. We encourage you to direct your project managers to our sister website to have a forum to discuss issues and to learn to understand projects from a senior management perspective.

Who developed 6Q Governance?

Dr Raymond Young

6Q Governance is based on the research of ​Dr Raymond Young. His research has been published by Standards Australia as a handbook explaining how boards and top managers influence business projects to succeed (HB280). His research is potentially the first major breakthrough on IT project failure in over 50 years and some indicators suggest his concepts could increase GDP by 1.6% – 3.1%.

Dr Young’s career alternates between industry, consulting and academia. He is currently a Senior Associate Professor in the International School of Business at Xi’an Jiaotong-Liverpool University. He has a decade of management consulting experience culminating in a CIO role within Fujitsu Australia.

Dr Young is a fellow of the Australian Institute of Project Management (FAIPM) and a fellow of the Governance Institute of Australia (FGIA). He is a founding member of the committee that developed the Australian and international governance standards AS8016 and ISO38500. 

What is 6Q Governance?

6Q Governance provides the 6 questions needed to diagnose the health of a project. By asking these 6 questions boards, senior managers, project sponsors and their advisors will know whether their strategy/policy is on track and whether a project is likely to deliver the expected benefits.

Why do we need 6Q Governance? 
We need 6Q Governance because projects are undertaken to implement strategy. However, fewer than 10% of strategies are fully implemented [1]. Most large projects fail to live up to expectations [2] and between half to two-thirds of projects either fail outright or deliver no discernible benefits [3]. This result appears to be no better in the public sector where hundreds of billions of dollars are invested annually in projects that contribute little to policy goals [4].

Continue reading “What is 6Q Governance?”

Introduction


This website is to support the community
around the 2021 book published by Wiley

Project Benefit Realisation and Project Management
The 6Q Governance Approach

This book has been written for Boards and their project sponsors
and describes the 6 questions that need to be addressed
for their projects to deliver the expected benefits

How do I know 6Q Governance works?

6Q Governance was developed from a research handbook published by Standards Australia [1]. Cases were conducted of successful and unsuccessful projects in typical and exemplary organisations and diagnostic questions were developed to identify what needed to be asked to have assurance projects will succeed. 6 Questions were found to be sufficient. These 6 questions were then tested against a large database of international projects and found to correlate quite strongly against project success [2].
​References
[1] Standards Australia. HB280 Case Studies – How boards and senior management have governed ICT projects to succeed (or fail)Young R editor (Standards Australia, 2006).
[2] Young, R., Chen, W., Quazi, A., Parry, W., Wong, A. & Poon, S. K. The relationship between project governance mechanisms and project success: An international dataset. International Journal of Managing Projects in Business. (2019) DOI: IJMPB-10-2018-0212