Question

4. discuss the sponsors role in formulating and implementing a plan.

Answer 1

Answer:

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Answer 2

Answer:

The sponsor of any project is responsible and accountable for the project and ensures to deliver agreed profits to the business efficiently.

Explanation:

Sponsor’s role in formulating and implementing a plan:

• Understanding the values and cultures of the firm.
• Planning the project in direction to firm’s strategy and portfolio.
• Providing leadership to the team, as well coordinating with other sponsors.
• Focusing on achieving benefits and seeking cost opportunities.
• Providing ultimate feedback and result.