The word governance is derived from Latin that suggests the notion of "steering". In general, organizational governance consists of the set of processes, customs, & policies, that affect the way people direct, administer or control an organization.
More specifically, PMI-CTT uses governance to work towards common objectives, make decisions, generate authority, and exercise power. with all its stakeholders. From the PMI-CTT charter approved by PMI in 2001, the chapter continues to mature in how it conducts its business. More attention to good governance has already provided the benefits of transparent and repeatable processes.
As a professional association focused around project management, PMI-CTT endeavors to use best practices of both project and general management. Key documents and processes that now govern PMI-CTT include:
PMI-CTT Charter
PMI-CTT Bylaws
Financial statements
Strategic and business plans
Policies and Procedures
Records management
Role descriptions
These and others are used regularly, and are reviewed and revised quarterly or annually. They are available to members upon request (secretary@pmi-ctt.org).