In: Operations Management
What is a project charter? What are the reasons to create one, and what is the information that should be included in it?
Project charter is a formal short document which helps to describe the project effectively and in its entirety. It has information regarding the objectives, how it should be directed, the details of the stakeholders etc. It is an important aspect of planning the project and necessary throughout the project life cycle.
It is important as it helps to provide reasons for the project and list important objectives and constraints of the project. It helps to understand the key stakeholders and the risks associated with the project. It is necessary for understanding the general overview of the budget and the benefits associated with the project.