A project manager is tasked with establishing a governance structure for a high-priority project that involves multiple departments and external stakeholders. Which of the following is the best approach to ensure effective decision-making and alignment with organizational goals?
Mirror the organizational governance structure within the project
Create a separate governance board consisting of senior executives from each department
Let the project sponsor dictate the governance structure based on their experience
Involve all stakeholders equally in the governance process in order to ensure equal participation