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Project Charter

In: Business and Management

Submitted By magsk97
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An explanation of a Project Charter and its purpose The purpose of a project charter is to collect information on a project and ultimately get approval from the stakeholders to get the project running. The project charter can contain many pieces including the project statement of work, organizational assets and processes for starters. The project charter also is used to decide on the scope of a project and give responsibility (Sanghera, 2010). It is the process of developing a document that formally authorizes a project or a phase and documenting initial requirements that satisfy the stakeholder’s needs and expectations. The project charter is a document that states the initial requirements to satisfy the stakeholders’ needs and expectations, and it also formally authorizes the project which includes naming the project manager and determining the authority level of the project manager. (PMBOK, 2008).The project charter which is an output of the charter process is an input to identifying the stakeholders. When stakeholders have been identified, then a stake holder’s register is created. This is the start of a project management’s road map. Issuing an approved charter moves the project to the following phases: * Initiation- clearly establish why the project is being initiated and specifically what must be accomplished * Defining the project- Identifies customer and states the principal business reasons for instigating a project. * Planning the project- impact statement, identifies the influence that the project will have on other processes such as operations, technology, and business * Running the project to completion The charter's emphasis on the philosophies, requirements, constraints, and dependencies aids the discovery of decisions that can be controlled and ultimately affect successful project completion.
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