A Process takes inputs and transforms them into outputs, and may be connected to other Processes in process flows.
Making a general plan, thinking about incentives (value accounting and value equation), put in place governance.
Create and adopt a Value Equation Agreement.
Every project is governed independently, meaning that it has its own value equation and its own governance.
See more about value equation
See how to create a Value equation agreement document.
Create and adopt governance document for the project.
Every project is governed independently, it has its own value equation and governance.
The Project Governance Doc is a very important foundational document that will save a lot of time later and will greatly reduce the risk of conflicts during the course of the project.
NOTE: The Project Governance Doc is a participatory document, meaning that everyone involved in the beginning should adopt it. You can start from a template and remix your own. The Project Governance Doc must contain a process for changing the governance at a later moment.