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First pillar of the PM² house is the governance model.
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A consistent system: overview of the pillars of the PM²
Over the past months we've walked through PM²'s pillars one at a time: the governance model, the project lifecycle, the processes, the artefacts, and finally the necessary glue holding the house together: the mindsets. Each has its own purpose. But in a project, e.g. an EU-funded one, their real value emerges when they work together — and this is a good moment to tie the threads together before PM² Finland's first community meetup on 25 August 2026.
Finland is currently implementing a significant EU-funded development initiative. The Innovation and Skills in Finland 2021–2027 programme has a public funding of over €3.1 billion – and every euro used needs to meet expectations related to results, transparency, and controlled delivery. This is where project management really matters.
Read more: How does the PM² methodology help EU-funded projects?
First pillar of the PM² house is the governance model.
Every project has a certain lifecycle. PM² doesn't leave that to chance: it structures the project's timeline into four clear, sequential phases — the second pillar of the methodology, the Lifecycle.
The first two articles in this series covered PM²'s Governance Model (Pillar 1) and Project Lifecycle (Pillar 2). If governance answers who decides, and the lifecycle answers when things happen, the third pillar – processes – answers how the work is actually managed, day to day.