CompTIA
PK0-004 · Question #136
PK0-004 Question #136: Real Exam Question with Answer & Explanation
The correct answer is D: Sponsor. The project sponsor holds formal approval authority for project funding as the primary financial backer and executive accountable for the project's success.
Question
Which of the following roles has approval authority for project funding?
Exhibit
Options
- AChampion
- BChief Financial Officer (CFO)
- CProject Management Office (PMO)
- DSponsor
Explanation
The project sponsor holds formal approval authority for project funding as the primary financial backer and executive accountable for the project's success.
Common mistakes.
- A. A champion advocates for the project and promotes organizational buy-in but does not hold formal financial approval authority over project funding.
- B. The CFO oversees enterprise-wide financial management but project-specific funding approval authority within project governance is vested in the project sponsor, not the CFO.
- C. The PMO provides governance standards, methodologies, and support functions across projects but does not hold approval authority over individual project budgets or funding decisions.
Concept tested. Project sponsor role and funding approval authority
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