What is Project Charter?

A Project Charter is the formal birth certificate of a project, comparable to a mission statement that outlines the project’s purpose and aims. It is a formal document that defines the project by defining what has to be done, why it is necessary, and who is participating. Consider it the project’s permission slip, granting the project manager the authority to proceed. The charter comprises important parameters such as objectives, timetables, limitations, and initial resources, serving as a guidepost to keep the team focused on the project’s goals throughout its journey.