BMGT45490 Governance & Stakeholder Mgmt

Academic Year 2022/2023

This module looks at the area of governance within an organisation. As this module is being taken by students from the MSc in Management Consulting and the MSc in Project Management, we will cover both “corporate governance” and “project governance”.

Governance is all about risk management in an organisation. It is about ensuring the people in the organisation do the right things and do them well (performance) and it is about making sure the people in the organisation do not do the wrong things (conformance).

The area of financial economics is in large part the science of risk identification and risk management. Banks and insurance companies have been undertaking this activity for centuries.

Financial accounting was originally designed to help European merchants to determine if they made a profit on their trading ventures. Ships with European cloth went east and came back with spices and other rarities from the east. Typically, the returning vessel was sold and the investors divided the spoils. The accountant calculates the profit on the venture and effectively created a stewardship function – validating where the assets on the venture went. Today, preparing the financial accounts (and associated audit) is a stewardship activity.

Project governance is all about risk management. Depending on your perspective it can be as simple as ensuring resources are spent appropriately in a project. In an organisation with many projects and a PMO (project management office) project governance can cover what projects get approved.

Some organisations are effectively a portfolio of projects so what looks like project governance in one organisation could, in fact, be the way of working for organisations like management consultants, building contractors etc.

Different organisations need different governance structures. Why, because different organisations have different risk characteristics. Governance in the public sector is different to governance in a charity, which is different to governance in a plc.

Finally, control and incentive (governance) mechanisms are all very well but how does the organisation relate to the outside world? Enter stakeholder management. To make things more interesting, consider that you need to manage potential risks and conflicts that might occur with your stakeholders (think of government relations).

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Curricular information is subject to change

Learning Outcomes:

1. Compare and contrast the corporate governance and project management governance;
2. Summarise the current theories of governance and stakeholder management and apply them in practice;
3. Explain how governance and risk management are related;
4. Display creative-thinking, synthesis and analysis skills including integrating differing streams of knowledge;
5. Examine a governance business problem, propose a solution and present your findings.

Indicative Module Content:

Corporate governance
Project management governance
Stakeholder management
The future of boards
Case examples of governance failures

Student Effort Type Hours


Small Group


Specified Learning Activities


Autonomous Student Learning




Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Essay: An 1,800 word (±10%) report on an agreed topic from the module that most interests you. Week 12 n/a Graded Yes


Multiple Choice Questionnaire: Either a in-class paper based short test or a Brightspace quiz to test your knowledge of the breadth of the module material. Week 11 n/a Graded No


Group Project: Group presentation on a topic agreed with the lecturer. The presentation should be creative and informative. Throughout the Trimester n/a Graded No


Carry forward of passed components
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Peer review activities

How will my Feedback be Delivered?

There will be no feedback on an MCQ to protect the integrity of the MCQ question bank. Group Project: Feedback on presenting style will be given after all presentations are complete. The feedback will be focused on improving presentation style and will not necessarily be informative for grade purposes. Written feedback on the presentations will be provided to each group. This will be done using Brightspace. Any presentation materials must be uploaded to Brightspace. As the essay is the terminal assignment, there will be no feedback on this assignment (in accordance with academic regulations). Grade feedback will NOT be provided as final grades are subject to formal sign-off. As the individual report is "the final assessment component of the module" there will be no formal feedback on this assessment.

Main Texts
Monks & Minow (2011) Corporate Governance, 5th ed. John Wiley & Sons Ltd.
Larson & Gray (2021) Project Management | The Management Process (8th ed), McGraw Hill

Supplemental Book Readings
Hopkin & Thompson (2022) Fundamentals of Risk Management, 6th ed. Kogan Page [Part 7]
Lorsch (2012) The Future of Boards Harvard Business Review Press
PMI (2016) Governance of Portfolios, Programs, and Projects : A Practice Guide, Project Management Institute.
Tighe & Rowan (2021) Champagne Football, Penguin Ireland
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Wed 15:00 - 17:50

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