The authorization and funding source of the project. The person who defines the project goals and to whom the final results are presented.
A project sponsor is a senior-level individual who is responsible for the overall success of a project. They typically provide financial and other resources, as well as guidance and support to the project manager and team. The project sponsor is also responsible for ensuring that the project aligns with the organization’s strategic goals and objectives.
Here are some of the key responsibilities of a project sponsor:
- Approve the project and secure funding. The project sponsor is typically responsible for getting the project approved by senior management and securing the necessary funding.
- Appoint the project manager and team. The project sponsor is responsible for appointing the project manager and assembling a team of qualified individuals to work on the project.
- Define the project’s goals and objectives. The project sponsor should work with the project manager to define the project’s goals, objectives, and scope of work.
- Provide guidance and support to the project manager and team. The project sponsor should be available to provide guidance and support to the project manager and team as needed. This may include resolving issues, providing feedback, and making decisions.
- Monitor the project’s progress and ensure that it is on track. The project sponsor should regularly review the project’s progress to ensure that it is on track to meet its goals and objectives.
- Communicate with stakeholders and keep them informed of the project’s progress. The project sponsor should communicate with stakeholders throughout the project lifecycle to inform them of its progress. This includes updating the project’s schedule, budget, and deliverables.
The project sponsor plays a vital role in the success of any project. By providing financial and other resources, as well as guidance and support, the project sponsor can help the project manager and team to deliver the project on time and within budget successfully.
Here are some tips for being a good project sponsor:
- Be visible and engaged. The project sponsor should be visible and engaged with the project team and stakeholders. This means regularly attending project meetings, providing feedback, and being available to answer questions.
- Be supportive and empowering. The project sponsor should create a supportive environment for the project team and empower them to make decisions. This means avoiding micromanaging the project and trusting the project manager and team to do their jobs.
- Be decisive. The project sponsor should be able to make timely and informed decisions when necessary. This may involve resolving issues, approving changes, or making trade-offs.
- Be a champion for the project. The project sponsor should champion the project and advocate for its success. This means communicating the project’s benefits to stakeholders and removing obstacles that could prevent the project from succeeding.
By following these tips, you can be a good project sponsor who helps ensure your projects’ success.