A document that details the business case and formally authorizes the project
The last couple of topics – Project Deliverable and Project Team – help set the stage for today’s topic: Project Charter. The project team produces the deliverable which ultimately adds value to the organization and end-user. It’s the project charter that outlines the business need and intended value add. It can serve as an ‘authorizing document’, which effectively states the organization is moving forward with a project.
With the project charter offering details about the goals and objectives of the project, along with a clear statement of the business need, it helps the project team understand what they are working towards. Armed with this information, the project team can better identify opportunities and risks, increasing the likelihood of a positive project outcome.
A project manager uses the project charter document as approval to form a project team to achieve the project outcomes. In this early start up phase, a high-level roadmap is developed, initial funding requirements are established, the project team and resource requirements are defined, and milestones are created.
Want to learn more about Project Management? See my Project MGMT publication for these 30 key PM topics:
Projects, lifecycle, management, manager, methodologies, the triangle, stakeholders, deliverable, team, charter, scope, budget, schedule, planning, baselining, milestones, dependencies, resources, risk, procurement, communication, ceremonies, integration, backlog, whiteboard, closure, software tools, office(r), code of ethics, body of knowledge
Leave a Reply