Which of the following is part of the project sponsor's responsibility?

Monitoring business value typically falls within the responsibilities of the project manager or the project team, who track progress and performance metrics. While the project sponsor is interested in the business value, their primary role is not to monitor it but to advocate for its importance and alignment with business objectives.

Auditing is generally a function performed by independent reviewers or auditors who assess the accuracy and legitimacy of the reported business value. The project sponsor is not responsible for conducting audits; instead, their focus is on ensuring that the project aligns with strategic goals and that its value is recognized and supported by stakeholders.

Tracking business value is typically the responsibility of project managers and team members who monitor ongoing performance indicators and deliverables. While the sponsor may be interested in the outcomes, their role is more focused on advocacy and alignment rather than the technical aspects of tracking.