Project Sponsorship
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Project Sponsorship relates to and differs from Project Management, as well as defines the role of sponsor by linking it strongly with principals such us leadership, risk-taking and strategy planning. | Project Sponsorship relates to and differs from Project Management, as well as defines the role of sponsor by linking it strongly with principals such us leadership, risk-taking and strategy planning. | ||
| − | A Project Sponsor could be a range of providers and entities supporting the goals and objectives of an individual or company | + | A Project Sponsor could be a range of providers and entities supporting the goals and objectives of an individual or company<ref>. In Engineering projects, sponsor is the most influential individual (or the mentor) who would be involved and therefore would contribute technically or strategically in them. |
Project Sponsorship is based primarily on exchange theory (Crompton, 2004) between sponsors and project owners. Hence, uncertainty about the true worth of a sponsorship deal and its potential to deliver on the desired objectives and vice versa can underlie risks between both sites. Thus, Project sponsorship is also strongly connected with risk identification. | Project Sponsorship is based primarily on exchange theory (Crompton, 2004) between sponsors and project owners. Hence, uncertainty about the true worth of a sponsorship deal and its potential to deliver on the desired objectives and vice versa can underlie risks between both sites. Thus, Project sponsorship is also strongly connected with risk identification. | ||
Revision as of 16:16, 18 February 2019
Abstract
Project Sponsorship relates to and differs from Project Management, as well as defines the role of sponsor by linking it strongly with principals such us leadership, risk-taking and strategy planning.
A Project Sponsor could be a range of providers and entities supporting the goals and objectives of an individual or company[1]
Cite error:
<ref> tags exist, but no <references/> tag was found
