Develop project charter is the first process under initiation. Project sponsor or the senior management representative is the owner of the project charter, hence any subsequent changes must be approved by them. Sponsor can be a single individual, or a group of people. Project charter is a less than five page document containing;
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- The business case of the project
- High level description of the product of the project
- The key constraints (time, cost, scope)
- High level risks
- Assumptions
- Project manager’s name
- Roles and responsibilities of the project manager
- Roles and responsibilities of the sponsor
- Key stakeholder details
Project charter is the only document, where the project manager’s name, roles and responsibilities are documented. Becase of this, we say that ‘project charter’gives authority to the project manager. And, this is a great opportunity to document the roles and responsibilities of other stakeholders, major milestones with dates, risks, assumptions etc.
