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[Music] hello my name is jennifer whitt director of projectmanager.com well thank you for joining us in our whiteboard session today on writing a project charter this has to be one of the most confusing areas in the project and it begins in the beginning of a project before it really ever starts so many people say we dont do project charters well they think they dont maybe its not that they dont do project charters maybe they dont call them project charters so maybe other names may be in some organizations an s o W or a statement of work an er D or an estimate response document a B C a business case or some may call just simply a quote so what whether you call it a project charter these may be some synonymous names but the project charter is very important in the beginning of a project because what it is why its useful and how its used is really to set the formal authorization of a project so here are some of the common elements that are found in a project charter its literall

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What is the relationship between project charter and business case?

A project charter needs a business case because it essentially states the reasons for undertaking the project. It helps project managers explain what are the business needs that the project will meet and what are the expected financial benefits and return on investment for project stakeholders.

What makes a good charter?

What should go into a team charter? During the initial chartering session, there are several important elements that should be discussed including why the team exists; its purpose, context, roles, procedures, workflows, and norms; and how the team members will accomplish their objectives.

Is project charter before business case?

If a Project is authorized based on Customer Request or Legal requirement then a Charter must come first. If a Project is a result of a Market Demand, Strategic Opportunity or Technological Advance then a business case must come first.

What is the difference between BRD and project charter?

A charter is a high-level document which authorizes a projects existence. While there may be business objectives and high level requirements articulated within it, the detailed business requirements would be in a BRD. A charter could be as brief as one page whereas a BRD could potentially be hundreds of pages.

What is a charter for project management?

A project charter is a short document used in project planning to outline the key aims and benefits of a project. Its an at-a-glance guide to why a project is taking place. Its used both as a marketing tool, useful to get buy-in from stakeholders, and a reference point to keep the project on track.

What is a business case in a project charter?

A business case identifies the business need for doing a project. It effectively describes the linkage of the project with high-level strategic goals of the organization. It also explains the reason for project identification and selection.

What are the key elements of a charter?

The six main parts of a project charter are an overview, an outline of the projects scope, an approximate schedule, a list of anticipated risks, an estimated budget, and a list of key stakeholders. Overview: Outline what the project entails and what it should accomplish.

What is the most important component of the charter?

Process: The process section is an important part of the project charter. This section should clearly define the process that you plan to implement in order to meet each part of the projects main goals.

What is a team charter vs project charter?

🎓️ The difference between team and project charters. A team charter focuses on one team, its members, and how theyll collaborate often on many projects. A project charter lists requirements for one project, which may involve members and resources from across one or more organizations.

What is the difference between business case and project charter?

Project charter outlines a high-level project description and deliverables, while Business case describes what a company is trying to get from a project in terms of return on investment, future opportunity and so on.

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