Question

Discuss the sponsor’s role in formulating and implementing a plan.

Answer 1

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.