Your Guide to Project Management Best Practices

project sponsor role - selection and appoinment

PM Framework

The Project Sponsor Role – Selection and Appointment

The project sponsor role is defined as the range of duties and responsibilities allocated to an individual or a group within the performing organization to provide necessary financial resources and ensure that the project is successful at the business or organizational level. It is the role of the project manager’s boss.

In this context, because the project sponsor role bring a significant value to project success, it is vital to understand selection and allocation of the role. The sponsor is an individual or a group who acts at the senior management level to be as an advocate for the project and ensure that the project delivers the desired business outcomes, under the allocated resources. The sponsor provides internal political support and ensures right prioritization of available funds and resources.

project sponsorship

PM Framework

Project Sponsorship: Definition, Relationships, Pitfalls

I’ve decided to write an overview of project sponsorship to help you and other managers to explore the definition and role of the project sponsor and identity the key duties and responsibilities. This article is first and describes the definition, relationships and pitfalls of project sponsoring. I plan to write a series of articles about project sponsorship. Please keep track of the website updates to read all the articles about this topic.

PRINCE2 activities

PM Framework

PRINCE2 Activities: Five Models of Managing Targeted Activities

The PRINCE2 methodology generates a range of activities to manage project constraints such as issues, risks, quality, business requirements, and so on. In order to plan and deliver a PRINCE2-driven project, the project manager needs to understand what activities to run and how they supposed to be managed. In this article we present five models of PRINCE2 activities. The models describe Business Case, Quality, Risks, Issues, and Work Done. The information in this article will help you better understand PRINCE2 activities.

buying a business franchise

Business & Finance

Buying a Franchise Business – The Pros and Cons

deliberate decision on buying a franchise business should be made considering all the pros and cons of the deal. The greatest advantage of franchising for the owner is the ability to bring independent retailers together through using one and the same brand name, model, and business concept. Buying a franchise business means participating in distributing products or services through retailing channels owned by independent operators. Franchising makes it possible for the franchisor to growth the business while minimizing investment activities.

PRINCE2 Project Management Methodology Overview

PM Framework

PRINCE2 Methodology Overview

The PRINCE2 methodology regards project management as a series of logical processes and procedures to create a well-controlled project environment. It provides a process-based approach that is applicable to all types of projects. Being originally developed in the United Kingdom as a standard of IT project management, today the method is widely used in many countries over the world because it provides the standardized suite of processes and procedures for safe, controlled and efficient planning and implementation of projects. Let’s learn more about the PRINCE2 methodology.