Definition Of Business Owner In Project Management
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The project owner may also be referred to.
Definition of business owner in project management. They define the vision and roadmap. He can hold project funds he can release project funds he can even kill the project. Project owner provides decision support and guidance to the entire project team and more importantly he is the communication link between project manager and the sponsor. The project owner may often act as a champion to the project in partnership with the sponsor.
They have the knowledge and authority to make strategic decisions and clear the path of political and financial obstacles. The project owner will assist the project manager in providing leadership towards the completion of project tasks and may sometimes even maintain a portion of the project plan. Also this is just one report so it shouldn t be considered apm s gospel definition of the term. The business owner plays a strategic role and is not engaged in the day to day activities of managing the service.
After project manager they drive the project and they are responsible for the team performance. Rather they focus on the big picture. Also called just owner. The client or the owner of the business in case of a construction project the business owner is the company that the contractor is executing the project for often referred to as the developer in most scenarios the business owner has infinite authority over the project and its resources.
The business owner is the person who is accountable to the clients and the business for maximizing the value of the deliverable results the product. The project owner is typically but not always the head of the business unit receiving the product and bears business responsibility for successful project implementation. As you may see the business owner is not a project manager is not a product owner and is not a simple stakeholder he is the face of the business is the person accountable from the business side. Bear in mind the term project owner is used informally and as a result has taken on different meanings.
It is the set of actions taken over a period of time in which a number of resources for its development are involved all in order to solve a need or take a chance getting through their development financial gain or benefit the user.
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