APMG Agile Foundation Practice Exam

What role must hold a sufficient position in the organization to resolve business issues and make financial decisions?

1. Business Advisor

2. Business Analyst

3. Business Sponsor

4. Business Visionary

The correct answer is: Business Sponsor

The role of the Business Sponsor is crucial within an organization as it entails having sufficient authority and position to address significant business issues and make decisions related to finances. This role typically involves not only advocating for resources and funding for projects but also ensuring that the project's goals align with the organization's strategic objectives. A Business Sponsor is often a senior-level individual who commits to providing the necessary backing for initiatives and is accountable for the overarching success of projects. This includes making key financial decisions, such as budget approvals and resource allocations, which directly impact the project's implementation and overall success. In contrast, roles such as Business Advisor, Business Analyst, and Business Visionary do not typically hold the same level of authority when it comes to resolving business issues or making financial decisions. Advisors may offer insights and recommendations but lack the decision-making power. Analysts focus on gathering and analyzing data to inform decisions but do not themselves make those decisions. Visionaries, while they may inspire and set a direction for innovation, do not necessarily have the authority to approve budgets or allocate funds. Thus, the Business Sponsor's strategic position is key for facilitating decisions that drive business value and ensure that projects stay aligned with organizational goals.