Question

In: Computer Science

Explain the importance of creating a project charter to formally initiate projects

Explain the importance of creating a project charter to formally initiate projects

Solutions

Expert Solution

PROJECT CHARTER :-

The project charter is a document that officially starts a project or a phase. It formally authorizes the existence of the project and provides a reference source for the future. The charter gives a direction and a sense of purpose to the management from start to end. As Randy Tango, a business-driven project practitioner, mentioned in one of his articles: “Take great pride and care in your project charter because this is where you sow the good seeds. It will eventually take care of you.”

A project charter names the project manager and defines the authority of the project manager. It gives the project manager the power to utilize organizational resources to accomplish the project objectives.

IMPORTANCE :-

The project charter is a document that officially starts a project or a phase. It formally authorizes the existence of the project and provides a reference source for the future. The charter gives a direction and a sense of purpose to the management from start to end. As Randy Tango, a business-driven project practitioner, mentioned in one of his articles: “Take great pride and care in your project charter because this is where you sow the good seeds. It will eventually take care of you.”

A project charter names the project manager and defines the authority of the project manager. It gives the project manager the power to utilize organizational resources to accomplish the project objectives.

venereology answered 7 months ago
Next > < Previous

Related Solutions

Explain the importance of Culture, Process and Tools in creating, managing and delivery large projects. Give...
Explain the importance of Culture, Process and Tools in creating, managing and delivery large projects. Give examples of how Microsoft Project software is used as a central resource in planning, communicating and controlling portfolios of projects.
Argue the importance of project management in brand communication projects
Argue the importance of project management in brand communication projects
identify and briefly explain the five reasons that firms initiate capital project
identify and briefly explain the five reasons that firms initiate capital project
Prepare a project charter for the Health Coverage Costs Business Model project using the project charter...
Prepare a project charter for the Health Coverage Costs Business Model project using the project charter template as discussed in the class. Assume that the project will take six months to complete and cost about AED 200,000. Health Coverage Costs Business Model Develop an application to track employee healthcare expenses and company healthcare costs. Healthcare premiums continue to increase, and the company has changed insurance carriers several times in the past 10 years. This application should allow business modeling of...
Prepare a project charter for the Health Coverage Costs Business Model project using the project charter...
Prepare a project charter for the Health Coverage Costs Business Model project using the project charter template as discussed in the class. Assume that the project will take six months to complete and cost about AED 200,000. Health Coverage Costs Business Model Develop an application to track employee healthcare expenses and company healthcare costs. Healthcare premiums continue to increase, and the company has changed insurance carriers several times in the past 10 years. This application should allow business modeling of...
Section A: The Project Charter Populate all sections of this Project Charter Template with content related...
Section A: The Project Charter Populate all sections of this Project Charter Template with content related to the Getta Byte Project Charter and improve its content. There are sections in the template which are not covered in the video for which the student is still responsible to complete by elaborating and adding its missing content. Here is a list of the Project Charter Template sections. Mission or purpose Project and product description Objectives Milestones Budget User acceptance criteria High-Level assumptions...
Identify and briefly explain TWO (2) costs of quality Explain the importance of creating close relationships...
Identify and briefly explain TWO (2) costs of quality Explain the importance of creating close relationships with suppliers. Identify and discuss TWO (2) characteristics of a good performance measurement system. Explain the importance of considering costs and benefits in management accounting decisions.
What is a project life cycle? Explain the importance of the project life cycle to project...
What is a project life cycle? Explain the importance of the project life cycle to project management. Define the phases of project life cycle and identify the most critical phase of project life cycle in your opinion. Support your answers with appropriate examples.
Two examples of massively mismanaged projects are TAURUS and the “Big Dig.” The first, formally called...
Two examples of massively mismanaged projects are TAURUS and the “Big Dig.” The first, formally called the London Stock Exchange Automation Project, cost $575 million before it was finally abandoned. Although most IT projects have a reputation for cost overruns, delays, and under performance, TAURUS set a new standard. But even TAURUS paled next to the biggest, most expensive public works project in U.S. history—Boston’s 15-year-long Central Artery/Tunnel Project. Called the Big Dig, this was perhaps the poorest and most...
Describe what an effective charter should accomplish for project management. How is a charter like a...
Describe what an effective charter should accomplish for project management. How is a charter like a contract? How is it different from a contract? How long should a typical charter be? Who generally writes the rough draft of a charter? Why is it valuable?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT