Governance is considered to be which of the following?

Enterprise environmental factors (EEFs) are the influences that are not under the control of the organization or the project management team that affect the organization, the project, and its outcome. Governance is the set of rules, processes, and structures that an organization uses to manage its activities. It includes things like the organization's culture, its decision-making processes, and its risk management framework.
Governance can have a significant impact on a project. For example, if an organization has a strong culture of collaboration, it will be easier to get stakeholders involved in the project. If an organization has a clear decision-making process, it will be easier to make decisions when needed. And if an organization has a good risk management framework, it will be better able to mitigate risks that could affect the project.
Project managers should therefore consider the organization's governance when planning and executing a project. They should understand how the governance will affect the project and how they can work within the governance to achieve success.