Homework answers / question archive / PROJECT CHARTER The project charter is the document issued by the project initiator or sponsor that formally authorizesthe existence of a project and provides the project manager with the authority to apply organizationalresources to project activities

PROJECT CHARTER The project charter is the document issued by the project initiator or sponsor that formally authorizesthe existence of a project and provides the project manager with the authority to apply organizationalresources to project activities

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PROJECT CHARTER The project charter is the document issued by the project initiator or sponsor that formally authorizesthe existence of a project and provides the project manager with the authority to apply organizationalresources to project activities. It documents the high-level information on the project and on the product,service, or result the project is intended to satisfy, such as: + Project purpose; + Measurable project objectives and related success criteria; 9 High-level requirements; 4} High-level project description, boundaries, and key deliverables;4» Overall project risk; 0 Summary milestone schedule; ¢ Preapproved ?nancial resources; Q Key stakeholder list; + Project approval requirements (i.e., what constitutes project success, who decides the projectis successful, and who signs off on the project); Q Project exit criteria (i.e., what are the conditions to be met in order to close or to cancel theproject or phase); 0 Assigned project manager, responsibility, and authority level; and0 Name and authority of the sponsor or other person(s) authorizing the project charter. At a high level, the project charter ensures a common understanding by the stakeholders of the keydeliverables, milestones, and the roles and responsibilities of everyone involved in the project.