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Explain vision, governence, value and benefits related to the role of project sponsor.
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Vision of Project Sponsor:

  • Makes sure the business case is valid and in step with the business proposition

  • Aligns project with business strategy, goals and objectives

  • Stays informed of project events to keep project viable
  • Defines the criteria for project success and how it fits with the overall business

Governance of Project Sponsor:

  • Ensures project is properly launched and initiated
  • Maintains organizational priorities throughout project

  • Offers support for project organization

  • Defines project roles and reporting structure

  • Acts as an escalation point for issues when something is beyond the project manager’s control
  • Gets financial resources
  • Decision-maker for progress and phases of project

Values & Benefits Project Sponsor:

  • Makes sure that risks and changes are managed

  • Helps to ensure control and review processes

  • Oversees delivery of project value

  • Evaluates status and progress

  • Approves deliverables

  • Helps with decision-making
  • Responsible for project quality throughout project phases.
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