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[Music] hello and welcome to my video on developing a project charter in which Im going to include a sample template for a project charter for anyone whos not familiar with what a project charter is we use a project charter to initiate a project this is typically the first document that you would create once a project is assigned to you sometimes the project charter is created before and then hand it over to you sometimes its created by yourself and so you should know how to develop a project charter anyone whose PMP certified probably knows what a charter is but may not necessarily have developed one maybe because your organization doesnt develop one some organizations may call it a PID a project initiation document and thats because theyre using a prince2 terminology no matter what we call it the project charter is supposed to do a couple of things assign you to project so everybody knows that you own this one project this way if you need any help then people can probably help

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Who should approve project charter and why?

Who should approve the charter? Typically the Project Sponsor approves the charter by signing it (or indicating approval digitally). There may be multiple sponsors, particularly if this is a major project that requires heavy involvement from more than one department.

Which is the first step in developing a project charter?

Before even thinking about how to create a Project Charter, one should always start preparing a Project Statement of Work (A written description of the projects product, service, or result) and a business Case (Reason for undertaking the project, Solutions to resolve problems, and analysis of the benefit-cost.

How do you write a charter document?

Steps to writing a Project Charter Choose a Project Name. Identity the Purpose, Objective (Goal), and Project Specification. Set a Budget. Define Deliverables. Assess Scope and Risks. Create a Timeframe or Milestones. List Key Stakeholders. Layout Team Roles and Responsibilities.

Is project charter part of project management plan?

Project charters are an important part of project management, as they help plan out the basics of a project and can be referenced throughout the projects lifecycle. The formal document can also show a projects viability and possible return on investment, helping the work get approved.

What is an example of a charter?

Charter is defined as reserving a boat, bus or aircraft for personal use. An example of charter is when you rent a boat for the day.

What is the purpose of the project plan and project charter?

Ultimately, the purpose of your project charter is to document the goals, objectives, and business case for the work.

What comes first project plan or charter?

A project plan functions as the operating manual to carry out the project to completion. Once the stakeholders approve the project charter, the project manager creates the project plan using the charters objective and scope.

Who issues the project charter?

But from PMP exam perspective please do remember the sponsor is the one issues the project charter. In some cases, at the time of creating the charter, project manager might not have been identified for the project.

What is the difference between a project charter and a project plan?

The project charter is a high-level initiation document that consists of only a few pages. It lists the project objectives, scope, vision, team, and their responsibilities and stakeholders. A project plan, on the other hand, is a detailed document that describes how to accomplish the project objectives.

What should be in a charter document?

project plans. A project charter should only include three elements: your project objectives, scope, and responsibilities. Once your charter has been approved, you should then create a project plan. Your project plan builds on your project charter to provide a more in-depth blueprint of the key elements of your project

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