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.

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