What Is a Project Charter?
A Project Charter is an official document that authorizes a project and defines its purpose, scope, objectives, and key stakeholders. It is the first formal step in project initiation.
Key Components of a Project Charter
- Project Objectives – What the project aims to achieve.
- Stakeholders – Who is involved and their roles.
- Scope Overview – Defines project boundaries.
- Budget and Timeline – Preliminary estimates.
Why It’s Essential?
✔ Establishes clear project authority.
✔ Provides a reference document for decision-making.
✔ Helps secure stakeholder buy-in and funding.
