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Guide on Project Charter Development

Project Charter Development is a critical component of the CAPM (Certified Associate in Project Management) and is an aspect of Project Integration Management.

What is Project Charter Development?

It's the formal authorization of a project, laying the foundation by outlining the project's objectives, key stakeholders, scope, and project manager. It serves as a reference document guiding the project's execution and control.

Why is it Important?

A Project Charter establishes the linkage between the project and strategic objectives of the organization. It gives authority to the project manager, providing a clear direction and project vision, ensuring all stakeholders have a shared understanding of the project.

How Does It Work?

The Project Charter is developed using business documents, agreements, enterprise environmental factors, and organizational process assets.

Exam Tips: Answering Questions on Project Charter Development

1. Understand the fundamental purpose of a Project Charter.
2. Know the elements of a Project Charter.
3. Keep in mind the difference between Project Charter and Project Plan. Usually, confuse in the exam.
4. Understand the role of the project sponsor in the development and approval of the Project Charter.
5. Remember that the project charter is created in the initiation phase and is key to moving forward with project planning.
6. The project charter serves as an input to many other project management processes.
7. Role clarity: The Project Charter specifies the role of the project manager, stakeholders and their responsibilities.

Understanding these points will help answer exam questions effectively on charter development.

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Project Charter Development practice test

This is the initiation phase of a project where a project charter is formulated. The project charter is a document that formally authorizes the existence of a project and provides a project manager with the authority to apply organizational resources to project tasks. The charter includes information such as project purpose, measurable project objectives, high level requirements, project description, key deliverables, project boundaries, and other crucial information. This charter is the basis of a common understanding of the project, its scope, and its deliverables among all stakeholders.

Time: 5 minutes   Questions: 5

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Certified Associate in Project Management Preparation Package (2024)

  • Earn 15 PDUs needed for your CAPM certification
  • 8521 Superior-grade Certified Associate in Project Management practice questions.
  • Accelerated Mastery: Deep dive into critical topics to fast-track your mastery.
  • Unlock Effortless CAPM preparation: 5 full exams.
  • 100% Satisfaction Guaranteed: Full refund with no questions if unsatisfied.
  • Bonus: If you upgrade now you get upgraded access to all courses
  • Risk-Free Decision: Start with a 7-day free trial - get premium features at no cost!