According to Mark Langley, President and chief executive of the Project Management Institute, the executive sponsor is extremely important. Having the right project champion in your corner is the difference between success and failure.
He says that the sponsor should have a thorough knowledge of the project, and how it is related to, and impacts on, the organisations’ strategy.
About 62% of projects have an actively engaged sponsor, but those that do are completed more successfully, according to the Project Management Institute’s 2015 Pulse of the Profession ® Study. This will mean they are more likely to meet their goals, complete on time, and within budget.
As one survey respondent said “To be a really good executive sponsor requires two sets of skills that are not always packaged in one person. You have to have the ability to micromanage, but not the tendency to micromanage.”
The role of the sponsor
Continue reading Project Management: How important is your executive sponsor?
