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This video tutorial provides an overview of developing a project charter, including a sample template. A project charter is used to initiate a project and is usually the first document created. It may be created before or after a project is assigned, and helps assign ownership of the project. PMP certified individuals may be familiar with this concept, but not all organizations use project charters. Some organizations may refer to it as a PID (Project Initiation Document) using PRINCE2 terminology. The project charter is important in assigning ownership and clarifying roles within a project.