Question

What is a project charter? What are the reasons to create one, and what is the information that should be included in it?

Answer 1

Project Charter

The statement that includes the goals and objective of the project. It is a small document that consists of all the required undertaking and reason for taking the project and what we will achieve when we are able to successfully complete the project with complete effectiveness and efficiency. It also provides the set and detailed information about the roles and responsibility that should be taken while executing the project.

Let us discuss the reason for creating a project charter

•   The first main reason for creating a project charter is to document the reason for taking the project by the organization.

•   To identify the goals and objective of the organization for taking the project.

•   To identify the items which are in the scope and which are not for the organization which will help the organization to improve and expand its scope.

•   To identify and list down the benefits that will be received by the organization when the project is completed.

As now we have discussed the reason for project charter now it is very crucial to understand the elements that should be included in a project charter they are as follow

•   The language in which the goals and objective will be entered should be a systematic and clear manner.

•   The project charter should be including the requirements that are crucial for the organization to execute the project successfully.

•   The document should be including the details explanation about the project and its nature.

•   The most important aspect of any project the cost that will incur during the project should be also included which will help to make a proper budget for the project.