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ating sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. The project charter serves as a roadmap for the project team, ensuring everyone is aligned with the project's objectives from the start. By outlining key project information in a clear and concise manner, the project charter helps establish a common understanding among team members and stakeholders, streamlining communication and decision-making processes throughout the project lifecycle. Creating a project charter can help set expectations, define roles and responsibilities, and mitigate potential risks, ultimately increasing the likelihood of project success.
