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This video tutorial discusses the importance of developing a project charter and provides a sample template for creating one. A project charter is used to initiate a project and is typically the first document created once a project is assigned. It assigns you to the project, clarifying that you are in charge and providing a foundation for support from others. Some organizations may refer to it as a Project Initiation Document (PID) if using PRINCE2 terminology. The key goal of a project charter is to ensure clarity and ownership of the project.