Abstract
The prevalent view of project governance is that it involves structures, principles, and processes that control project development and steer it toward desirable goals. However, the concept is not static, and this article highlights how its theoretical underpinnings have evolved over recent decades. A systematic review of 636 research articles reveals that almost 54% of these works are explicitly grounded in specific theoretical frameworks. We chart the trajectory and consolidation of the theories employed in these articles. Our analysis documents how a cohesive research stream of project governance emerged from a set of theoretically fragmented case studies in the early 2000s by gradually coalescing around a few strongly interconnected streams of studies employing agency theory and stakeholder theory together with transaction cost and institutional theoretical lenses. We highlight five approaches in project governance literature on a spectrum from traditional, theory-based approaches to adaptive, practice-based perspectives. We observe growth in applications of complexity, network, game, leadership, organizational, and social exchange theories. Building on the review, we propose that currently emerging technologies with novel applications to project governance necessitate more research addressing their ethical risks and their implications for project governance decentralization and anticipatory governance. Finally, we call for project governance research to further expand beyond traditionally studied industries to better tackle global challenges and support systemic sustainability transitions.
Keywords
Introduction
The project governance research field is rapidly growing and may be challenging to navigate even for an experienced project scholar given the multidimensional nature of the project governance construct and the multilayer nature of its consequences across organizational, corporate, portfolio, program, and project domains. Practitioners and researchers’ interest in project governance seems to have evolved from a narrow profit maximization focus (e.g., Agency/Transaction Cost Theories optimizing contracts) to viability preservation (e.g., Institutional/Complexity Theories ensuring adaptability and stakeholder alignment) (Kuitert et al., 2023; Nihoul et al., 2023; Ninan et al., 2024). Integrative holistic approaches have largely replaced reductionist approaches, and research foci have largely shifted from symptoms to relationships (Schwaninger, 2019). Project governance processes and tasks have been explored from operational perspectives, governance of teams has been explored through psychological perspectives, and the diversity and connectivity of elements of governance have been explored from system perspectives (Müller, 2016).
A number of review studies have contributed to the understanding of project governance by examining various aspects, including its definitions (Ahola et al., 2014), levels of project governance (Biesenthal & Wilden, 2014), key organizational actors (Müller et al., 2014), contractual arrangements (Sarhan et al., 2017), agility (Lappi et al., 2018), governance of stakeholders (Derakhshan et al., 2019), organizational strategy (Musawir et al., 2020), and trust (Cerić et al., 2021). Recent research has also incorporated contextual and practice-based views (Song et al., 2022) and governance of interorganizational networks (Wang et al., 2023) (see Table 1). However, these studies tend to focus on specific aspects without fully capturing the broader theoretical landscape.
Previous Systematic Review Articles on Diverse Aspects of Project Governance
The primary aim of this systematic review is to address this gap by analyzing the coevolution of the relationships among project governance themes, theories, and practices, as called for by Klein and Müller (2020). This analysis is particularly timely, given that over two decades have passed since the initial theoretical contributions to the field. Specifically, this study seeks to answer the following questions: Which theories have shaped the development of project governance research? What research themes have these theories explored? And how have these theories and their interrelationships evolved over time?
In addressing these questions, this article also critically examines whether the dominant theories in the literature adequately meet the current and future needs of project governance research. By identifying where these theories fall short and suggesting areas for expansion, this article aims to provide a focused research agenda that offers project governance scholars with new avenues for exploration.
The subsequent sections of this article are organized as follows: First, a contextual background of project governance is provided to establish a foundational understanding. Next, the research design and methodology employed in this study are explained. Following that, the theoretical evolution of project governance is systematically reviewed, and core research themes contributing to the body of knowledge are identified. Finally, the article concludes by presenting the research gaps and potential future areas for the development of project governance research.
Defining the Concept and Scope of Project Governance Research
Early definitions of governance can be traced back to classical theories of management (Turner & Keegan, 1999). Building on this foundation, they describe organizational governance as a set of mechanisms that manage the interface between project teams and their clients. These mechanisms include two roles “labelled the broker and steward,” which are essential for balancing control, accountability, and strategic alignment in project-based organizations (Turner & Keegan, 2001, p. 254). This perspective highlights governance as a hybrid structure that adapts to both market and hierarchical pressures. According to Ahola et al. (2014, p. 1322), there are two distinct streams of literature on project governance: one that sees it as “external to any specific project” and the other views it as “internal to a specific project.” The external view focuses on intraorganizational governance, where the organization establishes overarching policies and procedures for the governance of projects that apply across portfolios, programs, and projects. In contrast, the internal view addresses governance within individual projects, especially when they involve multiple organizations. From this internal view, project governance also involves monitoring project progress regularly and ideally keeping the project on track before any divergence occurs (Ireland, 2016). Similarly to general organizational governance, project governance contributes to defining relationships, principles, rights, and rules among project participants and stakeholders (Müller, 2016).
Combining the elements mentioned above, the Project Management Institute (PMI, 2021) defines project governance as guidance of project activities through frameworks, processes, and functions aligned with strategic, organizational, and operational objectives to introduce a unique product, service, or result. This definition combines both the internal and external views (Ahola et al., 2014) encompassing organizational governance, organizational project management governance (OPM), and portfolio, program, and project governance. In this context, a board of directors may be assigned to control and direct portfolios, programs, and projects through a set of predefined policies and processes. Complementary definitions have been provided by other influential bodies. ISO standards, specifically ISO/IEC 38500 (International Organization for Standardization [ISO], 2015), treat project governance as a subset of organizational governance, or in the case of corporations, corporate governance. Similarly, the Association for Project Management (APM) situates project governance within the broader domain of corporate governance (Bekker & Steyn, 2009).
Most notably, Müller (2016) has presented a comprehensive definition of project governance, consisting of the following three streams:
Governance as controls: Governance consists of control structures and mechanisms that regularly monitor the project outcomes and keep the project on the right course. Governance as processes: Governance relies on process(es) that respond to the stakeholders’ rights and requirements. These processes control and direct projects. Governance as relationships: Governance requires observing the rights and responsibilities among different actors and stakeholders. Stakeholders can be the internal and/or external participants in the project such as the regulators, auditors, governmental bodies, and so forth.
The three specific pillars of this definition are thoroughly based in governance research (Ireland, 2016; Larcker & Tayan, 2015) and provide a useful framework to structure analysis in our study. Rodney Turner and Anne Keegan’s (1999) work provides the starting point, as the project governance stream of research was pioneered in the project management literature by these scholars. Prior to their seminal contribution, governance research primarily resided within the realm of traditional organizations, investigated through the lens of classical management theories. Rare exceptions include an article by Torger Reve and Raymond Levitt (1984) published in the International Journal of Project Management, which focuses on the relationships among clients, contractors, and engineering consultants in construction projects with transaction cost as the main theoretical perspective.
Building upon Turner and Keegan’s work, project governance has since been consistently and systematically examined within the context of temporary organizations in project management research. Several systematic reviews addressing various aspects of this project-related governance research have been conducted. An overview with details of the study design, key elements, and outcomes is provided in Table 1. The extent of these reviews indicates the significance of and interest in project-related governance research and assists in understanding theoretical developments, but none has specifically aimed to review the trajectory and interconnections between applications of different theories to the persistent and emerging themes in project governance research and identify future research and theoretical directions.
Research Method
To collate empirical evidence of theoretical evolution in the research of project governance to map the structure of the research field and highlight interrelationships between actors and organizations driving this field forward, we conducted a systematic review following prespecified systematic review procedures to keep researchers’ subjective interference relatively low (Fan et al., 2022; Higgins & Green, 2008). The search was conducted in the Scopus database using the keywords (governance AND project OR “temporary organization” OR “project-based organization”) in the topic search to identify articles for inclusion in the review. While we acknowledge the different scopes of different databases, we chose Scopus for this study due to its coverage of all dominant journals in project management.
The initial date-range criterion was set to all years to the end of 2022. Due to the extended peer-review process, the search was updated to include publications up to 2024. To maintain focus while incorporating recent developments, this extension selectively included high-impact studies from top project management journals (including International Journal of Project Management [IJPM], Project Management Journal® [PMJ], International Journal of Managing Projects in Business [IJMPB], and Project Leadership and Society [PLAS]). We also conducted a manual cross-referencing within the most relevant and review articles in Table 1 to identify any related articles that might not have been captured through database searches. A total of 636 articles, including 585 articles (1999–2022) and 51 additional articles (2023–2024,) were collected for the review after passing through the selection stages (see Figure 1).

Search process (Note: The ABCD journal list, provided by the Australian Business Deans Council [ABDC], is a classification system that ranks journals based on their quality and impact within the field.).
The publications were stored and managed in Endnote software (The EndNote Team, 2013) and NVivo software (QSR International Pty Ltd, 2018) was applied for cataloging, organizing, analyzing, and synthesizing the dataset, because it provides opportunities to conduct content analysis and identify connections among publications. This was useful, for example, in coding the articles in terms of their predominant focus on governance controls, processes, or relationships.
The article title, authors’ names and affiliations, abstract, keywords and references were stored in the RIS format and applied in the source evaluation and analysis (Bakhshi, 2016). Bibliographic coupling analysis (BCA) was complemented by network analysis using Gephi (Bastian et al., 2009) and UCINET (Borgatti et al., 2002). These tools helped identify evolving relationships among key project governance concepts, map clusters of theories in the literature, and visualize collaborations between influential actors and organizations advancing the field (Statsenko et al., 2022).. BCA also helped us to determine the relatedness of publications based on the number of shared references as described in Boyack and Klavans (2010). The outcome of the BCA was further elaborated by a descriptive content analysis of a selected set of articles using NVivo (Gaur & Kumar, 2018). This combined approach allowed us to uncover evolving relationships among the main project governance concepts and to map the development of research themes and theories over time.
For the clarity of presentation of the longitudinal evolution in the body of publications, we divide the review period into four subsections within which we delve chronologically into the development of main ideas and theories. As explained earlier, 1999 was taken as the starting point for our investigative review. A significant increase in project governance–related publications occurred after 2006. Then, starting from 2013, the number of relevant publications climbed to and has remained at elevated levels between 30 and 50 articles per year (Figure 2). In terms of research substance, we refer to the years after 2013 as the turn toward maturity in project governance literature. The period from 2020 onwards is characterized by a steady yet increasing number of publications per year, referred to here as the consolidation stage.

Project governance publishing trends and evolution.
Results and Discussion
In this section, we first review the historical development of the project governance literature and, delving deeper into the content of influential studies and their underpinning theories, we elaborate further on key theoretical trends in project governance research over the four periods identified in Figure 2. We pay particular attention to cross-pollination between theoretical perspectives in the domain of project governance, where multiple theoretical angles are addressed within the same studies. The evolution of such theoretical connections is visualized in Figure 3 and discussed at the end of each subsection dedicated to the respective time intervals below. We also highlight which influential theories in project governance research tend to be applied to which popular research themes within the field. Finally, research gaps and future directions are discussed.

Cross-pollination between jointly applied theoretical perspectives in the evolution of project governance research field. Theoretical perspectives are shaded according to their frequency of occurrence within the period (darker shades indicate more frequent perspectives, whereas lighter shades correspond to less frequent ones). Theories that have been jointly leveraged in the same studies are connected with a link, with its width indicating the frequency of such co-occurrence. The networks have been laid out such that interrelated theories in terms of their application in the same studies appear closer together.
First Period—Introductory Stage: 1999–2005
The initial works of Turner and Keegan (1999, 2001), which formed the catalyst for the field of governance in temporary organizations, proposed four elements of operational control: managing clients, managing inputs, managing processes, and managing outputs. Additionally, they described governance structures adopted by project-based firms in terms of broker and steward roles, with transaction cost as their theoretical lens. Around the same time, Cannon et al. (2000) started to assess the performance implications of governance structures in contractual agreements and social relationships, subject to varying conditions and forms of transactional uncertainty and relationship-specific adaptation. This was followed by Winch (2001), who proposed a conceptual framework for the governance of transactions by applying the construction project life cycle, where perspectives of construction law, economics, and management were combined.
After a gradual start, project governance literature experienced expansion to new spheres in 2004 when six new articles were published in the same year, all outside the core project management journals. This new momentum came at the same time as the Association for Project Management (2004) published guidelines for portfolio, program, and project governance in the public, private, and third sectors. At the same time, social network conceptualizations were introduced to the project governance literature by Stephen D. Pryke (2004) in the domain of construction projects. Thanks to this work, explicitly conceptualized networks of information exchange and contractual obligations (not just a metaphorical idea of networks) have become accepted as constituent aspects of governance.
Turner and Müller (2004) assessed the communications on projects within the framework of principal–agent theory and recommended a collaborative partnership between the client and empowered project managers. Other contributions in this initial period of project governance research included focus on contractual relationships (Grimsey & Lewis, 2004; Turner, 2004), strategic alliances (Gerwin & Ferris, 2004; Thorogood et al., 2004), the role of information technology in facilitating good governance (Peterson, 2004), and governance of resource deployments (Kor & Mahoney, 2005).
In terms of theoretical evolution and cross-pollination, several separate clusters of theories can be observed in Figure 3. Most notably, contingency theory was popular during this period in studies combining insights from resource dependency theory and ecology. A separate clique of theoretical viewpoints can be observed in a stream of articles combining perspectives from agency theory and transaction cost theory. Finally, there is a clear emerging cluster of theoretical and methodological approaches broadly related to network conceptualizations of project governance. While there are fuzzy boundaries and significant overlaps between the nodes of the network cluster, the label social network covers theoretical approaches where authors draw explicitly from established social theories to study processes among individuals and collectives in their network representation as is most common the tradition of research generally associated with the term social network analysis (SNA). Studies under the graph theory label can also operate with network nodes representing social entities. However, they tend to be more abstract or more directly concerned with the mathematical and algorithmic foundations of network research or advanced analytical approaches relative to the importance placed on grounding these mathematical approaches in any specific social theories. The label network is used for other general cases of studies using network analytical methods that do not always take a clear stance regarding which theory underpins the applied network concepts and can include diverse approaches including those that could be classified as organizational network analysis (ONA) or industrial network approaches.
Second Period—Growth Stage: 2006–2012
The next period displayed a clear growth of publications on project governance with approximately 10 articles per annum. Our search criteria identified a total of 73 articles on project governance published during this period, with 40 of them in prominent project management journals. The largest methodological category were case studies (42%), followed by reviews (20%) and conceptual research (18%). A large proportion of this body of work relied on empirical data collected either through interviews (40%) or from secondary sources (34%). Most common keywords in project governance articles published in this period were: public projects, uncertainty, decision-making, network, risk, stakeholder, strategic alliances, innovation, learning, and public–private partnership (PPP).
This period marked a move beyond the internal view of project governance toward the external view, encompassing collaboration, stakeholders, and organizational project governance. Thiry and Deguire (2007) pursued one of the foundational themes of project governance literature, namely the implications for organizational governance of the widespread adoption of project-based work. This period has also attracted interest in public–private partnerships from the viewpoint of governance with special attention to risk allocation (Abednego & Ogunlana, 2006a; Devapriya, 2006), and relationships between governments and governance were explored in public organizations (Crawford & Helm, 2009). Julie Cameron (2006) focused on projects with explicitly high emphasis on collaboration and compared observed governance structures, mechanisms, and methods to provide guidance for adopting appropriate governance approaches according to the attributes of collaborative projects.
On the conceptual and methodological fronts, Pryke and Pearson (2006) continued to further exploit the opportunities that network thinking and network research tools provide for making sense of project governance, in particular for coalitions in construction projects. Network concepts were then further leveraged to clarify distances among actors in project networks for better project governance (Ruuska et al., 2009). Managing of a project network was also discussed by Artto and Kujala (2008). Meanwhile, Chinyio and Akintoye (2008) and Abednego and Ogunlana (2006a) employed qualitative approaches to expand our understanding of the role of stakeholder dynamism and risk allocation among stakeholders for good project governance.
Another significant theme during this period could be labeled as public–private considerations in project governance, with studies of governance in public–private relationships, build-operate-transfer projects (Delhi et al., 2012), private-finance initiatives (Patel & Robinson, 2010), and the specific nature of project governance in public and private organizations (Abdul-Aziz, 2012). Implications of different types of project governance for generating positive outcomes for shareholders (Arranz & de Arroyabe, 2012) and general society (Shiferaw et al., 2012) were also considered.
It is apparent in Figure 3 that by this period network theory had become integrated within the main body of theories jointly used to study project governance. Researchers started to combine network theory with perspectives that were previously separate such as principal agent theory, transaction cost theory, or stewardship theory. Network theory went hand in hand with stakeholder theory to explain stakeholder dynamics in project governance as referred to above. Overall, the main cluster of theories that formed the core of studies during this period was dominated by agency theory that was most frequently applied in combination with other theories used during this period.
Third Period—Maturity Stage: 2013–2019
Over this period, around 30 project governance articles were published annually. The foundational concepts, theories, and insights pertinent to governance literature were comprehensively investigated and documented, yielding a robust repository of knowledge. Noteworthy among the prevalent article keywords during this phase are ethics, governmentality, organizational enablers, project success, project-based organizations, decision-making, trust, and knowledge management. As indicated by keyword frequency, following a decade of mounting interest in project governance, researchers have shifted their focus to ethical implications. This thematic shift owes its prominence to influential studies by Müller (2014), Müller et al. (2013), and Walker and Lloyd-Walker (2014).
Also in this period, the field advanced in the understanding of hierarchical and flat governance relationships (Aubry et al., 2014) and balancing control and trust under conditions of risk (Zwikael & Smyrk, 2015). After more than a decade of accumulated governance scholarship, review and conceptual studies, reflection upon, and summarizing, a trend toward critiquing the growing body of work also began to emerge (Bekker, 2014). This trend included reflections on the originality of project governance concepts (Ahola et al., 2014), considerations regarding the multilevel nature of project governance (Biesenthal & Wilden, 2014), and its organizational enablers (Müller et al., 2014).
Researchers’ interest in governance for sustainability also became notable (Hueskes et al., 2017) and lack of stakeholder engagement, lack of transparency and accountability, and goal conflicts between public and private sectors were identified as barriers to sustainability (Agarchand & Laishram, 2017). Introducing democratic and participative decision-making processes and developing effective communication protocols with stakeholders (Derakhshan et al., 2019) were identified as elements of governance that contribute to sustainable outcomes (Kivilä et al., 2017; Xie et al., 2017).
Another emerging issue is that of governance under different kinds of complexity (Baugh, 2015), (Carter et al., 2016), and its associated risks (Gao et al., 2018; van den Hurk & Verhoest, 2015), as well as the related question of how to govern collaboration in complex projects (Chakkol et al., 2018). The theme of complexity joined the research stream on networks that emerged in previous periods and led researchers to ask questions concerning the implications of structures of network relations among project actors for the governance of complex projects (Adami & Verschoore, 2018), the role of network governance in complex project management (Gorod et al., 2018), and how to manage complex supply networks (Statsenko et al., 2018). Frameworks such as the viable system model have been employed to analyze networks of complex interdependencies among projects within portfolios (Bathallath et al., 2019; Kummamuru & Hussaini, 2016).
During this period, agency theory, institutional theory, contingency theory, control theory, and stakeholder theory were frequently combined in the same studies as can be seen by their high centrality in the visualized networks of theoretical cross-pollination (Figure 3). An interest in complexity increased during this third period, and this perspective became more strongly interconnected to the rest of the project governance literature via more established systems perspectives in this field.
Fourth Period—Consolidation Stage: 2020–2024
In this final examined phase, 214 articles are included for analysis. The growth in the number of articles suggests an increasing focus on project governance and is accompanied by a further rise in the use of quantitative analysis, whereas qualitative aspects received comparatively less attention. Most of the published articles display a shift from foundational discussions toward a consolidation of interest around the implications of project governance for practical project and organization outcomes. For example, Young et al. (2020), Wu et al. (2020), and Ferrer et al. (2021) delve into the complex interplay between governance strategies and project outcomes. Trust (Ninan et al., 2022; Wu et al., 2020; Yan & Zhang, 2020), stakeholder engagement (Lehtinen & Aaltonen, 2020; Mysore et al., 2021), as well as ethics and compliance (Scoleze Ferrer et al., 2020; Wang et al., 2021) have clearly become established key elements of effective project governance and are now seen as either an integral part, or a mediator of project success. The role of governance in facilitating innovation and strategic implementation also gained prominence during this period (Lehtinen & Aaltonen, 2020; McGrath & Whitty, 2020; Yang et al., 2021). Studies such as those by Martinez Sanz and Ortiz-Marcos (2020) and Zaman et al. (2022) underscored the need for adaptive governance to foster innovation and effectively align projects with strategic goals.
Recent contributions further highlight the dynamic nature of governance in complex, interorganizational contexts. For instance, Brunet et al. (2024) emphasize collaborative governance mechanisms—sensemaking, structural, procedural, and relational—to address the challenges of co-ownership in major projects, drawing on systems and contingency theories. Similarly, Fernandes et al. (2023) advance the discourse on interorganizational project governance by illustrating how relational factors like trust and interpersonal relationships stabilize governance configurations amid disruptions. The growing emphasis on governance adaptability is echoed in the work by Ika et al. (2024), where the authors identify market, technological, and sociopolitical changes as critical triggers for governance adaptations, which are often inadequately addressed in practice.
Established theoretical approaches from previous periods, agency theory, and institutional theory, remained highly central. Stakeholder theory—powered by now well-developed and frequently jointly applied network perspectives and tools—further increased its role as a key theory commonly applied in combinations with other popular theories of project governance research. Furthermore, transaction cost theory strengthened its prominence due to its frequent connections with other theoretical perspectives, including those related to organizational, stewardship, leadership, and social exchange (Gurcaylilar-Yenidogan & Erdogan, 2023; Zhang et al., 2024). In recent years, we also observed the introduction of frameworks rooted in auction game theoretical backgrounds (Hunhevicz et al., 2024) and novel applications of complexity theory to governance resilience (Nihoul et al., 2023; Shenoy & Mahanty, 2024). The centrality measures of these new entrants will be interesting to track in future studies, gauging their potential impact and evolution in the governance discourse.
Two emerging themes warrant attention. First, the interplay between contractual and relational governance continues to evolve, with Zhang et al. (2024) offering a configurational perspective that identifies synergistic pathways (e.g., contractual coordination paired with trust) for high project performance. Second, the role of leadership in governance is increasingly scrutinized: Cao et al. (2024) demonstrate how authentic leadership and behavioral integrity enhance project performance through mediating governance mechanisms, whereas Nauman et al. (2024) integrate servant leadership and social exchange theory to underscore trust as a linchpin in megaproject success. These developments suggest a nuanced understanding of governance as both a structural and behavioral phenomenon, bridging macrolevel frameworks with microlevel dynamics.
The Interplay Between Governance Research Themes and Theories
Research themes or topics can be thought of as subject areas within the broader realm of project governance. These themes guide research efforts, shaping our understanding of specific areas of interest (Salas et al., 2002). To construct a landscape of these themes, we analyzed the articles’ keywords and categorized them, resulting in the identification of 25 distinct themes (detailed in Appendix A at the end of the article). We applied the distributional hypothesis, which posits that words with similar meanings tend to occur in similar contexts, to group semantically related keywords. By analyzing the contexts in which these keywords frequently appear, we were able to identify patterns of co-occurrence and thereby classify them into meaningful semantic themes (Aletras et al., 2016; Fereday & Muir-Cochrane, 2006).
We also conducted a content analysis to identify the different theories employed in the articles. This involved reviewing the theoretical frameworks and concepts explicitly mentioned in each article using NVivo software. A comprehensive list of theories derived from the literature analysis is provided in Appendix B at the end of the article. Then, we mapped the identified theories to the corresponding research themes derived from the keyword analysis. Finally, the presence and prominence of these themes within each of the four time periods are examined. This enabled us to identify themes and identify which themes and theories were most influential or emergent during specific periods and how these mutual intersect and coevolve.
The prominence of theories such as agency, transaction cost, and institutional in the governance literature is hardly surprising. These theories have historically provided robust frameworks for understanding the mechanics of governance. For example, agency theory shines a light on the relationships and potential conflicts between stakeholders (principals) and those assigned to execute the project (agents). Recent studies extend this to megaprojects, where governance structures must reconcile competing institutional demands across transnational contexts (Fu et al., 2024), and to interorganizational networks, where principal–agent dynamics are complicated by multilevel governance arrangements (Musawir, 2025). Transaction cost theory, on the other hand, offers insights into the cost implications of governance decisions and the role of contracts. Its interplay with social exchange theory has gained traction, particularly in studies examining how contractual and relational governance mechanisms combine to influence project performance (Zhang et al., 2024). Institutional theory remains pivotal for explaining how projects navigate isomorphic pressures, as seen in the adaptation of governance frameworks to shifting sociopolitical environments (Brunet & Choinière, 2025; Ika et al., 2024).
Table 2 displays the most common theories ranked in columns from left (most popular) to right. These theories are cross-tabulated, with the most common research themes ranked by their popularity from top to bottom. The cross-tabulation frequencies tell us which theories are popular for studying certain themes and which theories are considered unsuitable or overlooked in applications of these topics. For instance, the frequently examined topic of governance in public–private partnerships (PPPs) has often been analyzed through the lens of institutional theory (Zhang et al., 2015); however, the more prevalent agency theory has not been extensively explored in this context, despite its general application in project governance research (Song et al., 2022). Agency theory maintains a strong association with organizational design and structures, showing that agency dynamics play a significant role in how organizations structure their projects (Musawir, 2025). Transaction cost theory, as expected, prominently appears in the context of contractual governance, emphasizing its foundational role in understanding contract dynamics in projects (Cameron, 2006; Gurcaylilar-Yenidogan & Erdogan, 2023).
Most Commonly Applied Theories in Project Governance Research and Their Associated Research Themes
Note: Darker shades indicate higher proportion of contributions of the theory in the research theme. Numbers inside the box indicate the number of publications cited the theory within that specific theme.
Network theory has been broadly applied to interorganizational collaboration (Fernandes et al., 2023) but less to understand the otherwise frequently studied issues of project success or government effectiveness. Curiously, contingency theory is rarely applied to leadership (Cao et al., 2024), a theme predominantly dominated by agency and stewardship theories. Given the adaptative nature of leadership in varying situations, it is surprising that contingency theory is not more widely applied here. Game theory, despite its potential broad applicability, seems to be niche in its actual use (Owen, 2013), primarily linked to trust and relationship building. Its emerging applications—such as modeling strategic decision-making in megaprojects (Stefano et al., 2023) or risk allocation in collaborative contracts (Li & Deng, 2024)—suggest fertile ground for future work.
The environmental and social impacts research theme has drawn on a wide range of theoretical perspectives, including agency, institutional, and stakeholder theories. This diversity underscores the multifaceted nature of environmental and social considerations in project governance. On the other hand, the theme of adaptive and flexible governance has significant relevance in today's rapidly changing project environments (Eshuis & Gerrits, 2021); while it is associated with a wide range of theories, game theory—despite its potential to offer valuable insights into strategic adaptability—remains underexplored in this context. Moreover, trust and relationship building could benefit from more exploration under network theory, given that trust dynamics play out extensively within networks (Manning, 2005).
Emerging themes like decentralized governance (Hunhevicz et al., 2024) and legal governance (Castro & Sainati, 2024) challenge traditional theoretical boundaries, whereas dynamic capabilities (Shenoy & Mahanty, 2024) and knowledge governance (Lello et al., 2024) signal a shift toward learning- and innovation-oriented frameworks. These developments underscore the need for theoretical pluralism to address governance’s evolving complexities.
In summary, Table 2 provides an overview of the prevailing theoretical lenses through which project governance and its myriad subthemes are currently viewed. This has the potential to guide researchers toward underexplored niches to introduce fresh theoretical perspectives for richer insights into certain themes.
Toward a Theory-Informed Research Agenda for the Projects of the Future
Our findings trace the theoretical development of project governance literature, revealing five approaches ranging from traditional, theory-based approaches to adaptive, practice-based perspectives. The first approach adapts theories commonly used in association with corporate governance (e.g., agency, transaction cost) to project contexts, but it struggles with the unique, transient nature of projects and their stakeholder networks (Biesenthal & Wilden, 2014). The second approach focuses on internal organizational capabilities (e.g., multilevel governance, communication) as enablers of effective governance (Müller et al., 2014). The third approach broadens the governance perspective to acknowledge external stakeholders, advocating for the integration of societal and psychological theories to address human aspects such as trust, ethics, and perception (Derakhshan et al., 2019). The fourth approach seeks to develop a comprehensive model of project governance that covers the entire project life cycle and incorporates both deliberate and emergent strategies (Musawir et al., 2020). Finally, the fifth approach advocates for governance models based on actual practices and contextual considerations, emphasizing adaptability and sensitivity to context, culture, and technology (Song et al., 2022). Table 3 provides a comparison among these five approaches.
Comparison of Five Approaches in Project Governance
Despite the progress made in understanding project governance, gaps persist in the current research landscape. Identifying and mapping out these research gaps can help us enhance the theoretical foundation of project governance with fresh perspectives. We outline a research agenda to address them, drawing on emerging themes and theoretical foundations from recent literature.
First, while extant research emphasizes control (e.g., contracts, monitoring) and relationships (e.g., trust, social exchange), the processual dimension of governance—how mechanisms interact and evolve—remains relatively underexplored. Future studies could examine configurational pathways linking governance mechanisms to outcomes, as demonstrated in studies of contractual–relational synergies (Zhang et al., 2024) or dynamic capabilities in megaprojects (Shenoy & Mahanty, 2024). Process- and roles-based models (e.g., Nihoul et al.’s [2023] use of complexity theory) could be leveraged to trace how governance adapts to disruptions like technological shifts or stakeholder conflicts. There are opportunities to explore temporal governance (Ika et al., 2024), investigating how time-sensitive adaptations (e.g., to market or regulatory changes) impact project viability as another area of future research.
Second, there appears to be insufficient attention to the interconnected nature of levels through which project governance operates. Most research focuses on project- or corporate-level governance, neglecting interplays across program, portfolio, and societal levels. Future work should investigate cross-level governance interactions such as how corporate policies shape project autonomy (Brunet et al., 2024) or how community-level trust influences megaproject legitimacy (Ninan et al., 2022). Scholars advocate for the development of integrated frameworks for governance in project networks (Wang et al., 2023) and collaborative interorganizational projects (IOPs) (Wang et al., 2025) where power and accountability span multiple tiers. Moreover, there is scope for addressing government/community interfaces, particularly in sustainability-oriented projects (Maqbool & Sridhar, 2024; Ninan et al., 2024), to align governance with societal goals such as emission reduction or social inclusion using social science theories.
Third, the literature reflects a shift from profit-centric governance to viability preservation, yet theoretical integration remains nascent (Bakhshi 2023). For instance, how can governance frameworks balance financial, social, and environmental outcomes? Maqbool and Sridhar (2024) and Ninan et al. (2024) offer starting points for context-specific models. In addition, complexity-aware governance and dynamic capabilities require deeper theorization, especially for projects facing climate or geopolitical disruptions (Shenoy & Mahanty, 2024). With digitization and AI, research must address biases in automated governance (e.g., automated contracting system) and inclusivity gaps (Gupta & Jha, 2023).
Fourth, emerging technologies, such as AI and blockchain, are reshaping governance but lack theoretical grounding (Müller et al., 2024). Future research should further explore the interplay between AI and governance across different levels. Research questions such as: “How can generative AI support adaptive governance (e.g., real-time stakeholder analysis)?” represent promising directions for inquiry. Ethical risks (e.g., bias amplification) demand project-specific scrutiny. Blockchain-enabled governance (Hunhevicz et al., 2024) challenges traditional hierarchies, requiring new theories (e.g., institutional cryptoeconomics). Furthermore, while digitalization projects generate vast data (e.g., internet of things [IoT], building information modeling [BIM]), their use for governance (e.g., predictive analytics) remains undertheorized (Bakhshi et al., 2024).
Fifth, governance research must transcend traditional project-based industries to address grand challenges (Whyte et al., 2022). For example, how can governance facilitate large-scale initiatives (e.g., sustainable food projects, healthcare equity)? Lessons from development projects (Bandé et al., 2024) and transnational megaprojects (Fu et al., 2024) are instructive. Besides, projects increasingly drive sustainability transitions (Daniel, 2022) and governance theories could be applied to account for their role in systemic change.
Last, the future of project governance research lies in bridging different approaches—combining theory-driven rigor (e.g., institutional or complexity lenses) with practice-driven adaptability (Musawir et al., 2023). Furthermore, interdisciplinary theorizing that integrates insights from political science, social psychology, and ecology presents valuable directions for future research (Kuitert et al., 2023). Ethical foresight is another promising area, where scholars could proactively address equity, transparency, and accountability within governance designs (Castro & Sainati, 2024).
By addressing these gaps, the field can evolve from fragmented approaches to a cohesive, future-ready framework for interrogating and improving project governance.
Conclusion
We have examined the most commonly applied theories in project governance research across 636 articles. As projects continue to evolve in scale and complexity, so do the themes and theories that underpin this crucial domain. We believe that mapping out the evolving interplay between project governance themes and theories can help readers navigate this challenging terrain. Although project governance research has little more than two decades of history, the field has grown rapidly in breadth and depth—from its beginnings with small numbers of theoretically disconnected cases studies into a highly interconnected field with a strong cross-pollination among these dominant theories: agency theory, transaction cost theory, institutional theory, and stakeholder theory.
The realm of project governance has undergone significant evolution over these two decades. Our findings reveal an emerging strong focus on the streams of governance as a system of control and relationships, with less attention given to governance as processes. Furthermore, although the literature acknowledges the influence of contextual factors, more research is needed to understand how governance strategies adapt to different project environments. Our analysis also uncovers potentially useful or interesting theories that have rarely been employed. These gaps present valuable opportunities for future research endeavours. By mapping out the status quo and longitudinal trends of project governance research, the presented findings aim to provide inspiration and guidance for researchers wishing to enter into or further contribute to this active and tightly knit field by building on the highlighted strengths and bridging the identified gaps. A more integrated theoretical foundations of project governance with a better understanding of the relative thematic fitness of diverse theoretical approaches to project governance will drive practical progress in a world where projects are increasingly expected to deliver lasting social, economic, and environmental benefits.
Footnotes
Author Biographies
List of Theories Referenced in Project Governance Research
| Institutional theory | Sociological theory | Social Cognitive theory |
| Social Exchange theory | Rational Choice theory | Fairness Heuristic theory |
| Upper Echelons theory | Viable System Model theory | Strategic Management theory |
| Translation theory | Multilevel Governance theory | Realist Social theory |
| Network theory | Paradox theory | Maslow's theory |
| Control theory | Special Purpose Vehicles theory | Governmentality theory |
| Transaction Cost Economics theory | Behavior Control theory | Management theory |
| Stakeholder theory | Complexity theory | Project Management theory |
| Process theory | Commitment–Trust theory | Planned Change theory |
| Contingency theory | Tournament theory | Variance theory |
| Prospect theory | Auction theory | Conventions theory |
| Stewardship theory | Luhmann theory | Graph theory |
| Contract theory | Expectancy theory | Decision theory |
| Confirmatory theory | Planned Behavior theory | Principal–Steward theory |
| Organisation theory | Elite theory | Evolutionary Governance theory |
| Actor–Network theory | Legitimacy theory | Behavioral Contract theory |
| Relational Exchange theory | Commitment theory | Ethical Climate theory |
| Social Sciences theory | Partnering theory | Social Systems theory |
| Agency theory | Fuzzy Set theory | Complex Network theory |
| Neo-Institutional theory | Capital Structure theory | Elf-Determination theory |
| Principal–Agent theory | Incentive theory | Organizational Capability theory |
| Knowledge theory | Best Value Procurement theory | Probability theory |
| Governance theory | Organizational Behavior theory | Structuration theory |
| Innovation theory | Relational Governance theory | Corporate Governance theory |
| Resource Dependency theory | Real Options theory | Transformation-Flow-Value theory |
| Strategy theory | Trust theory | Utility theory |
| Bayesian Decision theory | Factor theory | Strain theory |
| Procedural Justice theory | Critical Mass theory | Organizational Learning theory |
| Game theory | Property Right theory | Balanced Leadership theory |
| Firm theory | Social Network theory | Organizational Ecology theory |
| Alliance theory | Moment Estimation theory | Intellectual Capital theory |
| Relational Contracting theory | Constraints theory | Culture and Whistleblowing theory |
| Social Capital theory | Contractual Governance theory | String theory |
| Leadership theory | Equity theory | Behavioral Game theory |
| Ownership theory | Relational Contract theory | Rational-Choice Reputation theory |
| Grounded theory | Systems theory | Situated Action theory |
| Shareholder theory | Interorganizational theory | Social Information Processing theory |
| Projectification theory | Social theory | Activity theory |
| Organizational institutional theory | Knowledge inertia theory | Leader–member theory |
| Organizational Knowledge Creation theory | Political governance theory | Common pool resource governance theory |
| Measurement theory | Negotiation theory | Public policy theory |
| behavioral integrity theory | Emergent theory | Social identity theory |
| Social value theory | Time theory | Organizational identification theory |
| Justice theory | Ethnographic theory | Planned Behavior Questionnaire theory |
| Behavioral theory | Construal Level theory | Ambidexterity theory |
