This paper examines "governance", its potential role in project management and the governance environment in which projects exist. It look at the merits of providing standard guidelines for project portfolio governance that encompass all levels of the project management domain versus separate governance standards for each level in the hierarchy. The paper provides relevant definitions for each of the major terms involved and attempts to display the overall environment in graphical form. It lists the attributes of each level. The paper recommends appropriate guidelines for Project Portfolio Management Governance that sets it apart from the governance of a single project.
The paper concludes that each level in the domain should be identified separately, each with separate standard governance guidelines.