What is a project charter?



Project charter is an official document that is prepared before the beginning of a project. It describes the purpose of the project and the scope it has. It is made to legally authorize the start of a project.

Before starting a new project, you need to get a project charter signed from the business owner because if you are investing or sponsoring something, you must be aware of the facts that what this project will bring for the business. After all it is important for you to know that what resources are required from you to for the completion of this project and compare it with the outcome to check whether it is worth it or not.

·         The project charter clarifies the following:

·         What is the purpose of the project?

·         Who are the key stakeholders?

·         What are the possible outcomes?

·         What resources are required for the completion of this project?

Project charters have existed for more than a thousand years before but now they are an important part in the project management studies due to their significance as a legally binding agreement.

Constituents of a project charter?

·         Project Overview.

·         Project Details.

·         Project Scope.

·         Project Team Organization.

·         Project Resource Planning.

·         Project Communication Plan.

·         Project Timeline.

·         Signatories.

Project Overview:

This contains

1.      Name of the project.

2.      Author of the charter.

3.      Date of creation.

4.      Project manager.

5.      Purpose of the project charter.

6.      Vision of the project charter.

Project Details:

A properly detailed description of the project is written in this section:

1.      The general scope of the project.

2.      The key stakeholders.

3.      The clients.

ProjectScope:

If it is large then it is advised and preferred separately but it is brief and can be fixed into the charter then it should contain the following:

1.      Objectives.

2.      Goals.

3.      Deliverable.

4.      Out of scope deliverable.

5.      Benefits.

6.      Assumptions.

7.      Risks.

8.      Constraints.

 

Project Team Organization:

This contains the list of all the members that take part in the implementation of the project, their contact numbers and their roles in the project.

 

Project Resource Planning:

This includes all the resources starting from human to non-humans resources up to finances.

Project Communication Plan:

This contains the plan according to which all the work related to projects will be revised and supervised.

It can be weekly, bi-weekly or monthly according to the timeline of the project.

Project Timeline:

The estimation about the list relative to the times the project is connected. The clients will want to know whether the project is on its predicted schedule and when is it going to be completed.

Signatories:

The last part is the signatories which means the signature of the parties involved and owning the project.

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https://www.udemy.com/course/pmp-1000-exceptionally-realistic-practice-questions/?referralCode=76C41F5D52C04501C54E

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