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date: 15 October 2019

Abstract and Keywords

This article focuses on governance and its related subset project governance. The complementary perspectives of transaction cost economics (TCE), agency theory, and organizational control are taken to develop an overview of governance in organizations, which is subsequently extended into the realm of projects and their management. Research in governance theory is reviewed, starting from the organizational level and developing towards project specific governance models. Finally an attempt is made to identify the boundaries and issues of project governance, which should be of interest for the project management-focused research community.

Keywords: project governance, transaction cost economics, agency theory, organizational control, governance models, project management-focused research

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