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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Project Sponsor
What is Project Sponsor  

What is Project Sponsor


Project Sponsor is a person or an entity which provides the financial or other kinds of resources to a project – sponsor can provide support whether because of his profit-making interests or because of philanthropic considerations. In practice the project sponsorship is associated with a much wider set of functions than just investing money – an effective sponsor is a person who ensures an all-round support (both ideological and organizational) and all-level promotion to his project.

In practice, especially when dealing with medium/large projects, there always should be a mediator who links up the project manager with whether senior managers, controllers or involved community and who reduces a number of obstacles or risks on that path – the sponsor is one who does all these tasks, including:

  • Championing the project at higher levels of decision-making.
  • Promotion and observation of the project ideology, mission, and key ideas at all levels.
  • Motivation and coaching the team members during the whole project life cycle.
  • Breaking through barriers, and negotiating on possible compromises.
  • Securing the project against risk of exceeding its boundaries.
  • Judging the project course, and evaluation of business decisions.

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