The Role of a Project Sponsor

the role of a project sponsor

More often than not, a project sponsor is thought of somebody whose responsibility is to secure project funds and participate in the victory lap after project completion. But an “engaged” project sponsor with vested business interests and involvement in the project from the project kickoff to the project closure can mean the difference between a project success or a project failure. One of the reasons why projects fall short is the lack of executive sponsorship and executive management buy-in. Some key responsibilities of a sponsor include: Defining the project; Securing an executive buy-in on the project Providing a clear direction for the project … Read More

What is Project Management?

What is project management?

A Project is a temporary endeavor with a definitive beginning and an end. Project Management is the application of knowledge, tools and techniques to project activities to meet the project requirements. Each project must go through the following phases – Initiating Planning Executing Monitoring and Controlling Closing   1. The Initiating Phase The Initiating Phase involves creation and formal approval of the Project Charter. All project stakeholders are identified in this phase. High-level risks, assumptions and constraints are identified and documented in the Project Charter. 2. The Planning Phase The Planning Phase involves creation of the detailed Project Management Plan. … Read More