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This video tutorial provides a sample template for a project charter, which is used to initiate a project. The project charter assigns ownership of the project to the project manager and helps clarify roles and responsibilities. It is the first document created when a project is assigned. Some organizations may refer to it as a PID (Project Initiation Document) if they are using Prince2 terminology. The project charter is essential for ensuring that everyone involved in the project understands their roles and responsibilities.