18 Enterprise Project Governance 3. Project management addresses the capability and competence of the teams assigned to the management of projects, the appropriateness of the levels of decision-making authority delegated to project teams, and their ability to deliver the project objectives. Team capability is about the competence of the people involved at all levels, the resources they have available to perform their roles, and the processes or manage- ment systems they are able to deploy in fulfilling their function. 4. Disclosure and reporting in an open and honest environment is para- mount for effective reporting. What is reported is to be open, honest, effi cient, timely, relevant, and reliable. When disclosure and reporting are poor and ineffective, there is inevitably weak project sponsorship and project management because this component is the most reliant on the culture of the organization. Project Management Institute