The Sponsor is a Stakeholder in the Project.
Project sponsor - This is the individual or group that provides financial resources for the project. A sponsor has a major stake in the project and may perform an active role in the project team from time to time.
Following are some of the functions of a sponsor:
1. The sponsor champions the project when it's conceived. This includes gathering support for the project by performing actions such as acting as project spokesperson to the higher-level management and spelling out the benefits of the project.
2. The sponsor leads the project through the selection process until the project is finally authorized, at which point the leadership role goes to the project manager.
3. The sponsor plays an important role in developing the initial project scope and charter.
4. The sponsor serves as an authority and a catalyst for issues beyond the control of project managers, such as authorizing some critical changes and other yes/no decisions.
A Baseline Project Plan is the Project Management Plan that is created by the Project Manager and is approved by the Project Sponsor and the Senior Management. The Approved/baseline plan outlines how the project will be handled from start to finish and is like the bible for the project
A Baseline Project Plan is the Project Management Plan that is created by the Project Manager and is approved by the Project Sponsor and the Senior Management. The Approved/baseline plan outlines how the project will be handled from start to finish and is like the bible for the project
The Project Sponsor is one of the Key Stakeholders in any Project.Following are some of the functions of a sponsor:1. The sponsor champions the project when it's conceived. This includes gathering support for the project by performing actions such as acting as project spokesperson to the higher-level management and spelling out the benefits of the project.2. The sponsor leads the project through the selection process until the project is finally authorized, at which point the leadership role goes to the project manager.3. The sponsor plays an important role in developing the initial project scope and charter.4. The sponsor serves as an authority and a catalyst for issues beyond the control of project managers, such as authorizing some critical changes and other yes/no decisions.
Project sponsor - This is the individual or group that provides financial resources for the project. A sponsor has a major stake in the project and may perform an active role in the project team from time to time.Following are some of the functions of a sponsor:1. The sponsor champions the project when it's conceived. This includes gathering support for the project by performing actions such as acting as project spokesperson to the higher-level management and spelling out the benefits of the project.2. The sponsor leads the project through the selection process until the project is finally authorized, at which point the leadership role goes to the project manager.3. The sponsor plays an important role in developing the initial project scope and charter.4. The sponsor serves as an authority and a catalyst for issues beyond the control of project managers, such as authorizing some critical changes and other yes/no decisions.
A Project sponsor is the individual or group who provides financial or management resources for the project. A sponsor has a major stake in the project and may take an active role on the project team from time to time.A Project manager provides day-to-day direction on a project and is usually seen as the person "in charge" of the project. The Project Manager may be the Project Owner, but, depending on the nature of the project, these positions can be held by different people
Identifying all the project stakeholders might be a difficult task, but the following are the obvious stakeholders in any project: Project Sponsor Project Manager PMO Project Team Program Manager (If Applicable) Portfolio Manager (If Applicable) Portfolio Review Board Functional Manager Operational Management Sellers Business Partners Customers
The project charter is typically written by the project manager or project sponsor.
Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management
The project charter is typically signed by the project sponsor or the individual with the authority to authorize the project.
The project sponsor at Merck can vary depending on the specific project or initiative. Typically, a project sponsor is a senior executive or manager who provides resources, support, and guidance, ensuring alignment with the company's strategic goals. For the most accurate information on a particular project, it would be best to consult internal resources or official communications from Merck.
Same role as the project sponsor, see link below...
Project managers and project management teams, project sponsors