What is the 4 eyes principle in project management?

The 4 eyes principle in project management refers to the practice where a decision requires the approval of at least two individuals before it can be finalized. This approach helps to enhance accountability and reduce the likelihood of errors or fraud by ensuring that a second set of eyes reviews and confirms a decision or action. It is particularly important in areas involving significant resources, personnel decisions, or financial transactions, where the consequences of a poor decision can be substantial.

In this context, requiring multiple approvals fosters collaboration and collective responsibility, creating an environment where decisions are made more thoughtfully and with greater scrutiny. This principle aligns well with risk management practices, as it encourages checks and balances within the decision-making process, contributing to stronger oversight and governance in project management.