Project Charter

What is Project Charter In Project Management?

A Project Charter is defined as a short, formal document that contains the objective statement of a project and its execution. This document will describe in detail, the key goals of a project, the roles of team members and their responsibilities, the key stakeholders of the project, and their interests.

It is actually a formally issued document by the project initiator or an investor that formally authorizes the existence of a project and empowers the project manager to invest in organizational resources for project activities.

A good project charter should include:

• Contain the essence of the project
• Ensure all stakeholders and sponsors agree on decisions
• Ensure a shared understanding of the project
• Be a contract between the project team, sponsor, and stakeholders
• Help get project sponsor approval when buy-in takes place.

Also, See: Project Management Professional