Steering committee

Steering Committee

A Steering Committee is a group of high-level stakeholders who are responsible for providing guidance on overall strategic direction. They do not take the place of a Project Manager or Project Management Team, but serve as a decision-making body and can provide funding, advice, and direction to ensure the project's success.

Composition

The Steering Committee is typically composed of senior executives, including the Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Information Officer (CIO), and other top-level management. It may also include representatives from key stakeholder groups, such as customers, suppliers, or employees.

Role and Responsibilities

The primary role of the Steering Committee is to provide strategic direction for the project. This includes defining the project's scope, goals, and objectives, as well as overseeing its progress and ensuring it aligns with the organization's overall strategy.

The Steering Committee is also responsible for:

• Approving project plans and budgets
• Monitoring and reviewing project progress and performance
• Making decisions on major issues and risks
• Ensuring effective communication among project stakeholders
• Providing guidance and support to the project team

Benefits

Having a Steering Committee can provide several benefits for a project. These include:

• Ensuring alignment with organizational strategy
• Providing a forum for decision-making
• Facilitating communication and collaboration among stakeholders
• Providing support and guidance to the project team
• Enhancing the project's credibility and visibility within the organization

Challenges

Despite its benefits, a Steering Committee can also pose some challenges. These include:

• Potential for conflict among members
• Difficulty in coordinating schedules for meetings
• Risk of micromanagement or over-involvement in project details

See Also

• Project Management
• Stakeholder (corporate)
• Corporate Governance