What is one key function of the sponsor in project management?

In project management, one key function of the sponsor is to make project-related decisions. The project sponsor, often a senior executive or stakeholder, plays a critical role in providing direction and support to the project team. They have the authority to allocate resources, approve budgets, and resolve conflicts that may arise during the project lifecycle. By making strategic decisions, the sponsor ensures that the project aligns with the organization's goals and objectives, enabling the project to achieve its intended outcomes.

The other functions listed, such as handling day-to-day operations or documenting communications, are typically the responsibilities of the project manager or team members rather than the sponsor. Additionally, conducting project risk assessments is also usually under the purview of the project manager, who will report risks to the sponsor for decision-making. Therefore, the central role of the sponsor revolves around decision-making, making it a vital component in the successful execution of a project.