CAPM Practice: Demonstrate an understanding of project roles and responsibilities

The project sponsor is responsible for providing or securing financial resources and championing the project at the organizational level. This is a key distinction between sponsor and project manager responsibilities.

**Why not A:** While team members may identify funding needs, they do not collectively share responsibility for securing funding. Funding authorization is a specific sponsor responsibility, and distributing it across the team would create confusion about accountability.

**Why not B:** Functional managers manage departmental resources and staff but are not primarily responsible for securing project funding. Their role is to provide subject matter expertise and staff resources, not to serve as the financial authority for projects.

**Why not D:** The project manager is responsible for managing the allocated budget and tracking expenditures, but securing and authorizing project funding is the sponsor's responsibility. The PM manages funds that the sponsor has provided or approved.