Executive sponsor
Executive sponsor is a role in project management, usually the senior member of the project board and often the chair. The project sponsor will be a senior executive in a corporation who is responsible to the business for the success of the project.
Responsibilities
The sponsor has a number of interfaces and responsibilities for the project.Board
The responsibilities for which the sponsor is accountable to the board are:- Provides leadership on culture and values
- Owns the business case
- Keeps project aligned with organization's strategy and portfolio direction
- Governs project risk
- Works with other sponsors
- Focuses on realization of benefits
- Recommends opportunities to optimize cost/benefits
- Ensures continuity of sponsorship
- Provides assurance
- Provides feedback and lessons learned
Project manager
- Provides timely decisions
- Clarifies decision-making framework
- Clarifies business priorities and strategy
- Communicates business issues
- Provides resources
- Engenders trust
- Manages relationships
- Supports the project manager's role
- Promotes ethical working
Project stakeholders
- Engages stakeholders
- Governs stakeholder communications
- Directs client relationships
- Directs governance of users
- Directs governance of suppliers
- Arbitrates between stakeholders
Impact
A few research studies have been published that not only detail the role of this individual within project management but also provide a way to ensure that the success of a project is increased if this individual plays a more active role.
Senior Responsible Officer role
The UK government treats the role of a Senior Responsible Officer as distinct from the sponsor's role, referring to projects where the sponsor "may be considered to be at a very senior level or part of a sponsoring group, above the SRO". In relation to oversight of contract delivery, the term "Senior Contract Owner" has similar a similar meaning. Professional Standards specifically for SROs were,, under development.A Public Administration Select Committee report published in 2011, which was critical of UK government IT procurement, noted that SROs had often moved on to new roles during the course of an acquisition project, and this was one of the reasons why problems had been encountered.