Almost intuitively, all will say that the Project Manager (PM) has the ultimate responsibility of the process as its success or failure is concerned. But this is not correct. A PM is ‘appointed’ by the Project Sponsor (PS) for managing the project. Compare this with any corporation where the Board of Directors ‘appoints’ the CEO or top level managers to take care the operations. Similar to that top management of a company, the project manager of a project now gets access to all the resources required for and will be answerable for the project to the sponsor. But as in the case of the corporation, similar to the BoD (who are representative of the owners), the ultimate responsibility lies with the Project Sponsor. The project sponsor champions the project for the benefit of the customers. The project sponsor will be answerable to the customer of the project for its success or failure.
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