Decision Governance
The framework that defines how decisions are made within the program, including who has the authority to approve changes or sign off on deliverables.
Implications
The framework and processes used to ensure that decision-making within an organization is aligned with its strategic goals, risk management policies, and regulatory requirements, often involving clear roles, accountability, and oversight.
Example
Example: A financial institution implements decision governance to ensure that all major lending decisions are reviewed by a risk management committee, aligning with the company's risk tolerance and regulatory compliance.
Related Terms
Different from corporate governance, which oversees the overall management of the organization, decision governance focuses specifically on the decision-making processes within the organization.
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