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This video tutorial focuses on developing a project charter, which is used to initiate a project. The project charter is the first document created when a project is assigned. It assigns you to the project and clarifies ownership. The charter may also be known as a PID in Prince2 terminology. It is important to know how to develop a project charter, even if your organization does not typically use one. The goal of the project charter is to assign ownership of the project and clarify roles so that team members can offer assistance when needed.