In project management, a charter is a formal document that explains a project’s purpose, scope, goals, and who is involved in it. The charter gives a high-level overview of the project and tells the project team what they need to do throughout the lifecycle of the project.
Typically, a project charter has the following parts:
Overview of the project: This section gives a short summary of the project, including its purpose, goals, and broad scope.
Stakeholders: This section lists the key people involved in the project, such as the project sponsor, project manager, team members, and any external stakeholders.
Project scope: This section explains what the project is and what it is not.
Deliverables: This section talks about the specific deliverables or results that the project is supposed to make.
Timeline: This section gives a high-level overview of the project’s timeline, including major milestones and deadlines.
Budget: This section gives an estimate of how much the project will cost, including any resources that will be needed and any possible risks or backup plans.
Assumptions and Risks: This section talks about the project’s assumptions and risks, as well as possible ways to deal with them.
Usually, the project charter is made during the beginning phase of the project. It is used to get buy-in and approval from stakeholders. It acts as a reference document for the whole project and helps the project team stay on track and work together. The project charter can also be used to explain the purpose and goals of the project to people outside of it. This can help manage expectations and build support for the project.
Usage
It is used in project initiation
