Which of the following roles has approval authority for project funding?

A champion advocates for the project and promotes organizational buy-in but does not hold formal financial approval authority over project funding.

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.

The PMO provides governance standards, methodologies, and support functions across projects but does not hold approval authority over individual project budgets or funding decisions.

The project sponsor is the individual or group that provides and authorizes financial resources for the project, making them the accountable owner for project-level funding decisions. In project governance, the sponsor champions the business case, approves the budget, and has authority to release or withhold funding throughout the project lifecycle.