The Project Sponsor is a manager with demonstrable interest in the outcome of the project.
He or she is responsible for securing spending authority and resources for the project.
Also acts as a vocal and visible champion, legitimizes the project’s goals and objectives, keeps abreast of major project activities, and is a decision-maker for the project.
Participates in and/or lead project initiation; the development of the Project Charter.
He or she will participate in project planning (high level) and the development of the Project Initiation Plan
The position of a project sponsor is significant in an organization since the sponsor is responsible for securing the financing and overall resource budget approval and owns the opportunities and risks related to the financial outcome of the proje