About 40% of projects fail according to research by the global projects peak body, the Project Management Institute and consulting groups including Gartner, Boston Consulting Group and KPMG. About USD 13 trillion or 25% of the world’s economy is spent on projects each year. Up to USD 5 trillion is wasted.
Approximately 80% of projects cite poor project sponsorship in their top six reasons for project failure. Some of the underlying factors include:
- Understanding the role of the sponsor
- “Too many projects” – competing priorities, change fatigue
These factors impact the speed and quality of decision making, which impacts project momentum and results. Educating and supporting sponsors in their roles reduces the failure rate, saving time, money and heartache for organisations and stakeholders.
A project sponsor is a person that is responsible for driving the project towards successful realisation of expected benefits. The project sponsor is critical to strategic planning, high project sustainability and successful delivery of project objectives and outcomes. The role of project sponsor covers the financial and organisational responsibilities and activities that are directed to decisive governance of the project.
Service Offerings
I offer coaching and training for project sponsors – experience or new to the role – to uplift knowledge, sponsor role expectations and decision-making capability.
How to Be an Effective Project Sponsor – Workshop
Interactive session which covers:
- The value of effective Project Sponsors
- Project Sponsor duties and expectations
- The Sponsor’s Journey and available help
Suitable for sponsors and leadership teams of all experience levels, it includes a project simulation
How Project Professionals can best support their Sponsors – Workshop
Interactive session which covers:
- Responsibilities & accountabilities of sponsors
- Business & leadership challenges facing sponsors
- Tools and techniques to support their sponsors
- Ways to develop a positive working relationship with their sponsor
Suitable for Project Professionals with a minimum of 2 years’ project experience