As an Amazon Associate I earn from qualifying purchases.

Committee Sponsorship Notes: Definitions & Explanations PDF | Download eBooks

Study Committee Sponsorship lecture notes PDF with project management definitions and explanation to study “What is Committee Sponsorship?”. Study committee sponsorship explanation with project management terms to review project management course for online MBA programs.

Committee Sponsorship Definition:

Committee Sponsorship Notes:

An individual who is responsible for the performance of a project is called project sponsor. Generally, an organization assigns a single individual as a project sponsor. There are several risks associated with this assignment. One of the risks is the biasness or favoritism shown by the project sponsor which results in sub-optimal decisions. To reduce this risk and other related risks, organizations have moved to the concept of committee sponsorship. Committee sponsorship involves assigning the sponsorship responsibilities to a number of people belonging to different functions of the organization. Committee sponsorship is adopted by the organizations that work under the umbrella of concurrent engineering. The project sponsor can be form operations, research and development etc. and are belong to middle management level.

Keep Learning with Project Management Notes

What is Managing Project Knowledge?

After the project is planned, the main focus of the project team is to execute the project as planned. There ...

What is Parametric Estimating?

It is important to estimate the costs and activity durations after the project is decomposed into tasks and activities. These ...

What is Solicitation Cycle?

After the requirements are identified, the needed products, services, supplies or items must be acquired. There can be many different ...

What is Expert Power?

A project manager is entitled to give orders to his or her project team members. This authority is very much ...

What is Preffered Provider?

Partnership involves two or more parties, organizations, individuals or organizations working together for a common goal. If the projects are ...

What is Fixed Price With Economic Price Adjustment?

When two parties agree on working together, a contract binds them legally to fulfill the requirements of each other in ...