June 17, 2009 | Author: PM Hut | Filed under: Project Management Definitions
The Project Executive would normally come from the senior management of the customer organisation – that is the organisation who are to directly use the output of the project – the new object, system, process or structure. The Executive has ultimate responsibility for the project and ‘owns’ the Business Case throughout the life of the project. He or she has the following specific responsibilities:
- Oversee the development of the Project Brief and Business Case
- Authorise expenditure levels, set stage tolerances and ensure funding for agreed expenditure is available
- Authorise or reject proposed changes to cost or timescale beyond tolerance levels and all proposed changes to scope, checking for possible effects on the Business Case
- Ensure Risks and Issues are being tracked and mitigated/resolved
- Liaise with Programme or Corporate Management on progress
- Organise and chair meetings of the Project Board
- Authorise the project’s continuance or early closure at stage review meetings of the Project Board
- Authorise formal closure of the project
- Hold a Post-Project Review to ensure benefits are realised
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