A framework for good governance in project management in South Africa

Abstract

In the context of predicted positive economic growth in South Africa for the next three years, the economic landscape could well be characterised by a growth in investment in South Africa. Some of the investment will be underpinned by infrastructure projects by state-owned enterprises. To access the funding required for these projects, South African entities may find themselves competing for investor funding. If South Africa and its corporations are to access international financing, it is important that the overall business environment – and the project environment in particular – is well governed. This article presents a framework that South African corporations can use to determine the governance structure and governance practices that apply to a project environment, within the context of broader corporate governance based on the second King Report on Corporate Governance for South Africa.In die konteks van voorspelde positiewe groei in Suid-Afrika oor die volgende drie jare, behoort die ekonomiese landskap gekenmerk te word deur beleggingsgroei in Suid-Afrika. Sommige van hierdie beleggings sal ondersteun word deur infrastruktuurontwikkeling deur staatsbeheerde organisasies. Vir die voorsiening van investeringskapitaal tot hierdie projekte sal Suid-Afrikaanse entiteite in kompetisie staan vir internastionale beleggersfondse. Hierdie artikel stel ’n raamwerk voor waarbinne Suid-Afrikaanse organisasies beheerstrukture en beheerpraktyke kan toepas in ’n projekbestuursomgewing soos voorgestel deur die tweede King verslag oor korporatiewe bestuur vir Suid Afrika.