Done

Running Head: THE INVISIBLE SPONSOR 1

THE INVISIBLE SPONSOR 3

The Invisible Sponsor.

Students Name:

Professors Name:

Date.

Why do some executives refuse to function as project sponsors?

A project sponsor can be described as an individual or a person who will take the initiative of providing money and other relevant project resources and materials to enable a project in question to be undertaken through all the necessary stages until completion. There are several reasons why some executives refuse to function as project sponsors. Among the reasons include fearing to bear the consequences of project failure (Kerzner, 2017). Many of the executives have been found to anticipate the repercussions of the project failure or delays that, in turn, render the projects unproductive and non-profitable to their organizations. Since projects require commitment in terms of time, resources allocation, and accountability on how every resource has been utilized, the executive has been found to fear project management's process alone sponsoring it.

Although Al Zink is knowledgeable with adequate technical skills and experience, he fears that or rather not confident at managing projects and therefore hesitated in assuming the role of project sponsorship. Yet, he is one of the executives (Kerzner, 2018). Secondly, the project sponsors are often expected to be the overseers and custodians, and accountants of a project's financial expenditures. Therefore, if anything happens in the projects they sponsor, say money misappropriation, chances are that the executives in charge will get fired or fined for the same. In such a case, most executives chose to refuse participating in project sponsorship so as to protect both their job positions and reputations (Heldman, Mangano, & Feddersen, 2016). This can be among the reason Al is rejecting the said role. Besides that, the executive's roles are by far different from those of sponsors. As for the executives, they usually implement decisions rather than sponsoring a project.

References

Heldman, K., Mangano, V., & Feddersen, B. (2016). PMP Project Management Professional Exam Review Guide. Hoboken: John Wiley & Sons.

Kerzner, H. (2017). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Hoboken: John Wiley & Sons.

Kerzner, H. (2018). Project Management Best Practices: Achieving Global Excellence. Hoboken: John Wiley & Sons.