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Norway introduced a new project governance system in 2000. The system was introduced in response to the huge cost overrun of large public investment projects in the country. In 2005 the system was developed further to include a new quality assurance procedure with several goals: to ensure the selection of the right project concept, to consider the relevance of new project initiatives, and to consider the value of the money that will be invested on public projects. In this regard, there is evidence from different sources to indicate there have been improvements in project concept selection and decision-making procedures for public investment projects in Norway. Stage gate approval processes and procedures have been established in the political arena; checks and balances are fixed at the different stages of the project development process; and independent consultants are employed at two critical decision gates to ensure the quality of the decision basis. The Ministry of Finance is set as a quality gatekeeper in the processes of project concept selection and cost control. The role of the Government and Parliament is clearly indicated in the decision-making process.