project management Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. Th ...

, an executive or project executive is a person who has ultimate responsibility for a

project A project is any undertaking, carried out individually or collaboratively and possibly involving research or design, that is carefully planned to achieve a particular goal. An alternative view sees a project managerially as a sequence of even ...

, and is a role defined in the recognized

framework

PRINCE2 PRINCE2 (PRojects IN Controlled Environments) is a structured project management method and practitioner certification programme. PRINCE2 emphasises dividing projects into manageable and controllable stages. It is adopted in many countries wor ...

. It is appointed by the customer during the start of the project and usually comes from the customer. The project executive is supported by the roles of senior user on the customer side and senior supplier on the supplier side, respectively. The tasks of the project executive involve securing

funding Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses ...

, being responsible for the project delivering a product that achieves the

goals A goal is an objective that a person or a system plans or intends to achieve. Goal may also refer to: Sport * Goal (sports), a method of scoring in many sports, or the physical structure or area where scoring occurs ** Goals, the goal frame in ...

that were set, and that this happens in a cost-conscious manner. The project executive is the main decision maker, and designs and appoints the rest of the project management team, including the other members of the project board and the project management team (

project manager A project manager is a professional in the field of project management. Project managers have the responsibility of the planning, procurement and execution of a project, in any undertaking that has a defined scope, defined start and a defined f ...

team A team is a group of individuals (human or non-human) working together to achieve their goal. As defined by Professor Leigh Thompson (academic), Leigh Thompson of the Kellogg School of Management, " team is a group of people who are interde ...

leader(s)/sub-project manager(s),

project assurance Project assurance or programme assurance is a discipline that seeks to provide an independent and objective oversight of the likely future performance of major projects for those responsible for sanctioning, financing or insuring such undertakings. ...

and project support). The person must balance the requirements of the customer, the users and the supplier, and is responsible for the project justification (

business case A business case captures the reasoning for initiating a project or task. It is often presented in a well-structured written document, but may also come in the form of a short verbal agreement or presentation. The logic of the business case is that, ...

) throughout the project. The person acts as responsible for the profitability or delegates this responsibility, which often coincides with the project executive or senior user. While the project manager is concerned with the daily running of a project, the project executive is concerned with the larger picture of a project, including monitoring the strategic program, project goals and project performance. A project executive is typically required for larger or more complex projects.

Other names

{{confused, Product owner The term project owner is sometimes used for describing the project executive. However, the term project owner is ambigous, since it can refer to various different roles, such as the

project sponsor Executive sponsor (sometimes called project sponsor or senior responsible owner) is a role in project management, usually the senior member of the project board and often the chair. The project sponsor will be a senior executive in a corporation ( ...

, or a team including the sponsor, project champion and the owner's project manager, or simply the customer.Difference between Project Owner and Sponsor , EUR
/ref>

References

Management

Other names

See also

References