What is Project Governance? Project Management in Under 5

The video tutorial explains project governance by exploring its roots and defining its three main roles: setting direction, making decisions, and providing oversight. It further details the four components of project governance: project board, project sponsor, terms of reference, and stage gate process. The importance of project governance in ensuring transparency, accountability, and organizational safety is emphasized.

Describe the purpose of the terms of reference in project governance.

What is the significance of the stage gate process in project governance?