Typically, the executive sponsor will assign a full-time business manager from his staff to the program, though outside consultants may be used for expertise and objectivity. But the executive sponsor is ultimately responsible for keeping the project on schedule and on budget and achieving its planned benefits. • Chair the program steering committee. Every major program needs a steering committee to monitor progress, make trade-offs, remove roadblocks and motivate the team.
http://www.computerworld.com/article/2557218/it-project-management/executive-sponsors--what-they-really-do.html
The role of project sponsors is often overlooked. But for every stage of a project, there are key executive sponsor behaviors that can make the difference between success and failure.
http://sloanreview.mit.edu/article/how-executive-sponsors-influence-project-success/
Over the past decade, the role of the “executive sponsor” has become well accepted and even ubiquitous in organizations. In fact, most of the literature about project and change management suggests that having a C-level sponsor is a key requirement for success.
https://hbr.org/2015/05/how-to-be-an-effective-executive-sponsor
A senior management role that typically involves approving or supporting the allocation of resources for a venture, defining its goals and assessing the venture's eventual success.
http://www.businessdictionary.com/definition/project-sponsor.html
Having an executive-level sponsor can be crucial for shepherding major projects, particularly those that cut across functions. But in order for this to happen, both the executive and the project leader he or she is sponsoring must be clear about their mutual expectations and time commitments for insuring a success. Ron Ashkenas is a managing partner of Schaffer Consulting. He is a co-author of The GE Work-Out and The Boundaryless Organization.
https://hbr.org/2015/05/how-to-be-an-effective-executive-sponsor
Project sponsorship is quite different to project management. In some ways-notably the detailed ranges of duties-the differences are similar to the differences between leadership and management.
http://www.businessballs.com/project-sponsorship.htm
Chairing this committee will ensure that the executive sponsor is close enough to the issues to help the other executives make effective decisions. • Sponsor a risk assessment. In major business programs, the executive sponsor may commission a project risk assessment. Although the program team frequently views risk assessments as a threat, the real goal should be risk mitigation. The point is not to cancel the project but to protect it.
http://www.computerworld.com/article/2557218/it-project-management/executive-sponsors--what-they-really-do.html
If the sponsor wants to take project sponsorship seriously, she should be clear about the commitment. Sponsoring a dozen different projects is a worthless proposition, since the executive won’t have the bandwidth to provide any meaningful support.
https://hbr.org/2015/05/how-to-be-an-effective-executive-sponsor
Nearby Terms. 1  project leader. 2  project life cy... 3  project managem... 4  project manager. 5  project note. 6  project owner. 7  project plannin... 8  project risk. 9  project sponsor. 10  project team. 11  Projected Benef... 12  projected forec... 13  projected state... 14  projected total... 15  projection. 16  projection erro... 17  PRojects IN Con...
http://www.businessdictionary.com/definition/project-sponsor.html
According to recent studies, this is an important question. The Project Management Institute, a professional association for project management professionals based in Newtown Square, Pennsylvania, states that having executive sponsors who are actively engaged is the leading factor in project success. 2.
http://sloanreview.mit.edu/article/how-executive-sponsors-influence-project-success/
who is the executive project sponsor
The executive sponsor is the sponsor who assigns a full time business manager from his staff to the program.