The Project Charter is a document that is developed before the start of the project.
The purpose of a business charter includes:
1. It provides high-level information about the project requirements, such as project scope, schedule, constraints, quality, cost, risks, resource and other requirements.
2. It actually formally authorizes the the project.
Besides providing authorization to apply organizational resources to the project, the project charter names the project manager. In addition, it sets forth known stakeholders.
In addition to these, the project charter also defines the business objectives, project cost-benefit analysis and the reasons for undertaking the project.
In small organizations, the project charter could may be an informal instruction to start a project.
For a sample project charter template, click here.
Tags: what is project charter, project charter definition