What does Project Sponsor mean in Project Management?

Project Sponsor
The person ultimately responsible for the success of the project. The Project Sponsor is the owner of the project business case, the final decision maker and likely the holder of the ‘purse strings’.
Meaning and definition of Project Sponsor
The Sponsor will usually assign the Project Manager and give them the responsbility for planning and managing the resource required to deliver the project. In a RACI matrix the Sponsor will be accountable for the project and the Project Manager will be responsible.

Why you need a Project Sponsor

Without a project sponsor, a project is likely to fail. This is because the project sponsor is responsible for ensuring that the project has the necessary funding and resources, and that it is able to achieve its objectives. Additionally, the project sponsor provides oversight and direction, which can help to prevent project delays or failures.

The Project Sponsor's typical tasks:

  • Assign the Project Manager
  • Review project proposals
  • Approve project budgets
  • Allocate or approve project resources
  • Provide project oversight
  • Monitor project progress
  • Evaluate project results
  • Make decisions about project changes
  • Approve project deliverables

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