1) Any progressive organization should have a proper Governance mechanism which includes Structure , Systems & Procedure , Human Resources .
2) Structure means control , command and decision making lines ,S&P not only include different SoPs but Monitoring , Control and Decision Making system .
3) All these are operated by the Human Resources , which needs to be competent and capable . Thus Organizations should have their Charter indicating Governance Mechanism .
4) Governance mechanism may be classified as Macro and Micro Governance
5) Macro governace will consist Startegy, Monitoring ,Reporting , closing
6) Micro governace is breakdown of Macro
7) Monitoring of Key Performance Indicators(KPIs), Key Health Indicators(KHIs) and Key Efficeincy Indicators(KEIs)
8) Project execution efficiency :
It is defined in terms of time and cost
Time efficiency = time undertaken /timed schedule
Cost efficiency = soft cost actual/scheduled cost
Hard cost actual/ Hard cost schedule .
Estimated efficiency - actual cost /estimated cost .