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What is the definition of 'Sponsor'? -
The management person who has oversight for the project.
A person or a group, which is influencing a project and / or influenced by a project
The person assigned responsibility and accountability for the project and is given the necessary authority to undertake that responsibility. The project manager reports to the project Sponsor.
The organizational entity with full time personnel to provide a focal point for the discipline of project management. Also known as project management center of excellence.
Reference: PMI® Lexicon of Project Management Terms, page 16 -- Difficulty: e -- Knowledge Area: Introduction