A project charter is a high-level document that formally authorizes a project. It typically includes:
- Project Purpose/Justification: Why the project is being undertaken.
- Measurable Objectives & Success Criteria: What the project aims to achieve and how success will be measured.
- High-Level Requirements: Key features or functions needed.
- High-Level Project Description, Boundaries, and Key Deliverables: What the project entails and what will be produced.
- Overall Project Risk: Initial identification of potential risks.
- Summary Milestone Schedule: Key project phases and target dates.
- ** Summary Budget:** Preliminary cost estimates.
- Stakeholder List: Key individuals or groups involved.
- Project Manager Assignment & Authority Level: Who is leading the project and their decision-making power.
- Project Sponsor & Other Key Approvers: Who is authorizing the project.
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