Executive Sponsor Definition
Executive sponsor (also called project sponsor) is the person that is ultimately responsible for the project within a company. Sometimes this role is held by the project manager, but ideally it is held by someone in senior management.
Typically, the executive sponsor is responsible for:
- Championing the project.
- Obtaining budget approval for the project.
- Accepting responsibility for problems escalated by the project manager.
- Signing off documents such as the business case and project initiation document.
A good executive sponsor is also a good problem solver, but is also someone that has the business savvy and reputation to exert pressure within an organization to overcome resistance to the project.
I've also put together a short online course that describes project management fundamentals if you're interested in learning more about this profession.