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The video discusses Project Charters, explaining what it is, why it is needed, how detailed it should be, and what information should be included. It also covers the process of drafting a charter and provides a free template for download. A Project Charter is a document that can take different formats, such as a word document or PowerPoint presentation, and serves the purpose of outlining the scope of a project. In some organizations, it may be referred to as a project request or Scope of Work (SOW) for external clients.