Project Charter

Correct Answer: Evaluate the scope, risk, and resource implications to the project, and then follow the change control procedures for handling this request.

The best approach is to evaluate the scope, risk, and resource implications of the proposed change to the project, and then follow the established change control procedures for handling this request. As a project manager, it's important to carefully consider any proposed changes to the project, even if they come from an influential stakeholder. Making changes to the project charter without proper evaluation and approval can lead to scope creep, delays, and budget overruns. The other options are not appropriate because: - Changing the project charter to include the new storage system without evaluation would be irresponsible and could have negative consequences for the project. - Rejecting the request outright without consideration would not be professional and could damage the relationship with the stakeholder. - Implementing the new system without consulting other stakeholders would be a significant risk and could lead to project failure.

Correct Answer: The Project Sponsor

The Project Charter is a critical document that bestows authority and power to the Project Manager and provides a high-level overview of the project. Therefore, it should be formally approved by an individual outside the project, typically the Project Sponsor. The Project Sponsor is someone at a senior level in the organization who has the authority and credibility to approve and support such a significant document. Although the Project Manager and the Stakeholders have vital roles in the project, they typically do not have the authority to approve a Project Charter. Therefore, 'The Project Sponsor' is the correct answer and not 'The Project Manager', 'The Stakeholders', or 'All of the above'.

Correct Answer: To formally authorize the project and provide the project manager with authority

The primary purpose of a Project Charter in project management is to formally authorize the project and provide the project manager with authority. This is the correct answer because:

1. It officially initiates the project
2. It grants the project manager the necessary authority to use organizational resources
3. It serves as a reference point for project scope and objectives

The other options are incorrect for the following reasons:

Providing a detailed schedule of activities and milestones is typically part of the project management plan, not the Project Charter.

Outlining the complete budget allocation for each phase is usually done in the budget plan or financial management plan, which is more detailed than the Project Charter.

Serving as a comprehensive risk management plan is not the primary purpose of a Project Charter. Risk management is a separate process that is typically documented in a risk management plan.

The Project Charter is a high-level document that establishes the project's existence and provides a broad overview, rather than detailed plans for specific aspects of the project.