Question

Please read through the paragraph and answer the question at the end.

According to PMI's Pulse of the Profession 2018:

"Analysis shows that the dominant driver of projects meeting their original goals is an actively engaged sponsor. We see that organizations with a higher percentage of projects with actively engaged executive sponsors (more than 80% of their projects) report 40% more successful projects than those with a lower percentage of projects with sponsors (less than 50% of their projects)."

Question:

What do you think are some the reasons projects with executive sponsors seem to have higher rates of success? Are there situations,where an executive sponsor could be a disadvantage? Why or why not? Answer in 1 - 2 paragraphs.

Answer 1

Ans. Project Sponsors have an overall accountability for the project. They perform several functions to ensure efficient implementation of the project which inturn ensures higher rate of success of the project. Some of the functions which they perform are :

1) Sponsors helps in more efficient communication and observation with customers , team and other stakeholders.

2) Sponsors provide additional expertise and guidance to the project manager and the team.

3) Sponsor helps in prioritizing the initiative and also ensure that it is launched and initiated properly.

4) Sponsor also provides financial resources for the project.

5) Sponsors also timely evaluate progress and status of the project.

Yes , Sometimes executive sponsor can be a disadvantage for the project if the executive sponsor misuses it's powers and don't carry out their responsibilities properly. Increased indulgence of the executive sponsor in the project can also sometimes lead to inefficient outcomes , chaos and delay in the project.

Best of Luck !! !!