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  • nicoleb replied to the topic Sponsorship for companies in the forum Project Management Application: Clinical Trial 5 years, 11 months ago

    Business sponsors are a very valuable resource that companies have. Therefore, the relationship between business and sponsor must be a strong one. The relationship mainly revolves around the first stages of project development since a sponsor is deciding on how much money to give, aka the budget of the project. Once this is done the sponsor works with the project manager in order to decide what the scope of the project will be. obviously, the sponsor will have their own ideas and standards and its up to the project manager to be realistic and work with the sponsor to find common ground. After all this is done the sponsor will most likely periodically check up on the project, but it is now up to the project manager to deliver.