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ating authority that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. The project charter sets the foundation for the project, outlining the project's objectives and scope, key stakeholders, and overall direction. It serves as a roadmap for the project team, helping to ensure that everyone is aligned and working towards the same goals. By creating a project charter, you can increase the chances of project success by clarifying expectations and setting clear boundaries for the project. Remember, a well-defined project charter is essential for effective project management and can help keep your project on track towards achieving its objectives.