Asked • 10/28/24

General Project Management Question:

A simple question to get your brain thinking project management:


True or False:


A sponsor initiates a project, funds the project, picks the project manager, and approves project deliverables and the resources required?



Julius N.

True. In general project management practices, the project sponsor plays a critical role and is typically responsible for: 1. Initiating the Project: The sponsor formally initiates the project, often by defining its purpose, aligning it with strategic goals, and justifying its value to the organization. 2. Funding the Project: The sponsor secures and provides the budget needed to support the project, ensuring resources are available. 3. Selecting the Project Manager: The sponsor usually selects the project manager or ensures one is appointed, entrusting them with the responsibility to lead the project team. 4. Approving Project Deliverables and Resources: The sponsor provides oversight by approving key deliverables, allocating resources as needed, and ensuring alignment with the project's goals and organizational priorities. So, the answer is True: the sponsor has a significant role in initiating, funding, resourcing, and approving aspects of the project.
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10/29/24

1 Expert Answer

By:

Maxx A. answered • 10/29/24

Tutor
5 (2)

MS in Project Management with 4 years of experience

Joseph C.

tutor
Maxx, great answer! I could not have said it any better! Thank you for sharing your knowledge and participating!
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10/29/24

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