Which group is primarily responsible for overseeing project timelines and budgets?

The project steering committee is primarily responsible for overseeing project timelines and budgets due to their role in providing strategic direction and governance throughout the lifecycle of a project. This group typically includes key stakeholders and decision-makers who have the authority to allocate resources and make critical decisions regarding project scope, scheduling, and financial management.

The committee's engagement ensures that the project's progress aligns with organizational goals and that any deviations from the plan are addressed promptly. Their responsibility encompasses monitoring the project's overall performance, which includes safeguarding that timelines are met and budgets are adhered to, thereby ensuring effective project delivery and accountability. This oversight is crucial for successful project execution and risk management within the organization.

In contrast, while project teams handle day-to-day tasks and may contribute to budget management and timeline adherence, they do not hold the same level of oversight authority. Project stakeholders may influence project outcomes and have an interest in its success, but they are not typically tasked with direct oversight. The project champion plays a supportive role in advocating for the project but does not have the governing responsibility associated with budget and timeline management.