Develop Project Charter
Develop Project Charter is a crucial process in the Integration Management area, where the project's purpose, authority, and preliminary scope are documented. The project charter is a formal document that authorizes the project's existence and gives the project manager the necessary authority to allocate resources and make strategic decisions. This document includes key project stakeholders, project objectives, success criteria, high-level risk, and constraints, and it sets the foundation for the entire project, as well as acting as a reference point for subsequent project planning and management activities.
Guide on Develop Project Charter - Integration Management
Develop Project Charter is a crucial process in Project Integration Management.
The primary reason for its importance is that it helps to formally authorize a project or a project phase. It also acts as a reference of authority for the future of the project.
What it is: The Project Charter is a document that includes the project's objectives, high-level requirements, assumed risks, and a stakeholder list. It establishes the link between the project and the strategic objectives of the organization.
How it works: The project charter is developed by the project initiator or sponsor who has the authority to allocate resources to the project. The inputs for this phase include the project statement of work, business case, and initial requirements.
Exam Tips: In the exam, you'll often find situational questions about this process. Remember, the project charter is developed in the initiation phase, and the project manager should always refer to the charter to deal with scope creep, stakeholder issues, and risk responses.
For answering these questions, keep in mind that the Project Charter is the document that officially initiates the project. It’s also important to note that the project manager usually doesn't have the authority to make changes to the project charter.
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