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First pillar of the PM² house is the governance model.
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Finland is currently implementing a significant EU-funded development initiative. The Innovation and Skills in Finland 2021–2027 programme has a public funding of over €3.1 billion – and every euro used needs to meet expectations related to results, transparency, and controlled delivery. This is where project management really matters.
First pillar of the PM² house is the governance model.
Every project has a certain lifecycle. PM² doesn't leave that to chance: it structures the project's timeline into four clear, sequential phases — the second pillar of the methodology, the Lifecycle.
The first two articles in this series covered PM²'s Governance Model (Pillar 1) and Project Lifecycle (Pillar 2). If governance answers who decides, and the lifecycle answers when things happen, the third pillar – processes – answers how the work is actually managed, day to day.
Effective project management depends on clear communication, transparent decision-making, and traceable documentation. The fourth pillar of PM² – Artefacts & Templates – makes this possible in practice by providing a ready-to-use, consistent family of documents that covers every stage of a project's lifecycle.