From the course: How to Be an Effective Project Sponsor

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Skills required to be a successful project sponsor

Skills required to be a successful project sponsor

From the course: How to Be an Effective Project Sponsor

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Skills required to be a successful project sponsor

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- The financial crisis of 2008 hit companies hard. During that year, a Belgium bank called Fortis collapsed, and another bank, BNP Paribas, acquired. The BNP Paribas CFO, Jean-Laurent Bonnafe, was sent to Brussels with a clear mission. Fortis had to be integrated within the next three years. The pressure on the entire organization was tremendous. As the project sponsor, Jean-Laurent did something I had never seen before. He established a daily, rather than monthly steering committee. All the business and function heads participated in the daily meetings and closely reviewed the status of the integration. The integration project was a success and was completed one year in advance because Jean-Laurent was such a highly capable, engaged, dedicated, and decisive sponsor. To be an effective project sponsor like Jean-Laurent, there are six skill sets you need to develop. First are project management technical skills. As a…

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