Project Charter
Congratulations! Your project business case has been approved. The next step is to create a project charter. The project charter is important as it provides stakeholders with an understanding of what the project entails and other relevant information so that all parties have a good understanding of the purpose of the project. Remember, the project charter is a living document that stakeholders, especially ones that join the project in the later phases, understand and can help better define stakeholders’ roles. The following are important sections to be included in your project charter.
- Project Title/Name: What will the project be known as? What shall we call it? Each project is normally given a unique name.
- Business Need: Why should we do this project? What will be gained, changed, or modified? Is there a financial or business reason to do this project? This area should contain any feasibility studies used to advance the project.
- Measurable/Business Objectives: What objectives, if any, of the company is this project designed to meet?
- Requirements
- Approval Requirements
- Product Scope Description
- Milestones and Deliverables: What are the key milestone dates associated with the project?
- Schedule and Benefit
- Establish Project Manager and Project Sponsor: Who will lead this project? Who is the Sponsor?
