Abstract:
The governance of public sector development projects has become an increasingly
complex theme in the diverse nature of managing stakeholders, structuring project
formation and development, planning, monitoring, and surveillance, and their
expectations. Thus, stakeholders’ interests should be addressed by the governments.
The main objective of this research is to investigate project governance and its basics,
for the application in the Sri Lankan public sector development projects to increase
project performance in terms of public sector growth and sustainability. Funding
agencies, policymakers, government regulators, and other associated partners attempt
to support smooth project execution and accomplish the desired project outputs and
outcomes by emphasizing the importance of project governance.The study conducts
a literature review on project governance to bridge a knowledge gap in investigating
the function of project governance and the efficiency of the Sri Lankan public sector
development projects. It employs a qualitative research approach and reviews the
related literature including scholarly journal articles. The findings indicate that
project governance must be practiced achieving project objectives related to optimal
economic and social benefits for the country's accelerative development plan and
from the standpoint of the government, project governance and performance serve as
cornerstones of a development plan. Finally, this study comprehensively examines
the roles and practical implementation of project governance within Sri Lankan
projects, providing invaluable insights and recommendations for enhancing project
performance, fostering growth, and ensuring sustainability within the public sector.
