A project charter is a formal document used in project management to outline the key aims and benefits of a project. It is a short, straightforward document that serves as the foundation for a project, and it functions as both the project’s internal marketing tool and reference guide. The project charter is created in line with the business case for the project as described by the project sponsor, and it’s a crucial part of the initiation process at the start of the project. The key elements that should be included in a project charter are:
- Project title: The projects name should be clearly stated at the top of the document.
- Project background: This section should explain why the project is necessary and how it will benefit the organization.
- Project objectives: This section should outline the specific goals and objectives of the project.
- Stakeholders: This section should identify the key stakeholders involved in the project.
- Scope: This section should define the boundaries of the project and what is included and excluded.
- Resources: This section should identify the resources needed to carry out the project, including personnel, equipment, and budget.
- Dependencies: This section should identify any dependencies that the project has on other projects or initiatives.
- Risks: This section should identify any potential risks that could impact the project and how they will be managed.
The project charter is a crucial document in project management, as it lays out the projects purpose, objectives, stakeholders, risks, resources, and dependencies during the project. It helps prevent scope creep and budget overruns by providing a written reference throughout the project. The project charter also emphasizes stakeholder consideration, ensuring the project aligns with expectations and standards. Ultimately, the purpose of a project charter is to document the goals, objectives, and business case for the work, and once approved, it initiates the project.
