The main reason every project needs a project charter at the very start is because without it, there is no proof or official document that an authorized project manager defined and presented a project and gained its approval from stakeholders to proceed. A charter needs six main components that define the reasons for the project, explains how it improves the business, enumerate what steps are necessary to complete, and identify the stakeholders responsible for the project. Read also: How to Write SMART Project Management GoalsĪ project charter is a living document outlining the issues, targets, and framework. An introduction of the project manager, project sponsor, and their authority level.Key players or stakeholders in charge of which parts of the project and who will approve the plans to go through. Requirements from the organization for approval, including what to approve, who will approve, and how to get the approval.Budget or summary of how much the project will cost.Major events or milestones along the path.Schedule of events with the start and end dates.Known high-level, major categories of risks for the project.Project description in a paragraph or two that explains the project.Requirements of the project at a very high level and without much detail.Purpose and objectives of the project in clear, concise language.Be Specific, ensure your goals are Measurable, Attainable, Relevant to the project, and Timely. When preparing the project charter, utilize the SMART method. What Information Does the Project Charter Contain? Contained also in the project charter is the appointment of the project manager, the person who is overall responsible for the project. Therefore, it serves as a formal announcement that a newly approved project is about to commence. The document provides key information about a project and also provides approval to start the project. It is an essential deliverable in any project and one of the first deliverables as prescribed by the PMBOK Guide and other best practice standards. Project charters outline the entirety of projects to help teams quickly understand the goals, tasks, timelines, and stakeholders. Tools for planning and upholding a project charterĪ project charter is a short document that explains the project in clear, concise wording for high-level management.So how do create a project charter? Table of Contents The project charter provide similar clarity and direction for your project. But you need to know how many passengers you have, the cost of the trip, and your destination. When you initially charter a plane, you don’t need to provide a seating chart or list of names to the airline company. Best Project Management Huts & Articles for 2023.Best Human Resources Management Software.Best Agile & Scrum Project Management Software.Best Billing & Invoicing Management Software.Best Project Portfolio Management Software.
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