Project Charter

Project Charter is a document that describes the overall project and provides a summary of the objective and management of the project. It provides a detailed description of the project, its objectives, identifies the main stakeholders, and defines the authority of the project manager. It serves as a reference throughout the life cycle of the project and also for the future of the project. Project charter is the starting phase of the project and it plays an important role in a project as it sets out exactly what the project will achieve, the essence, goals and objectives of the project, provides understanding of the project, authorizes the work to take place and acts as a contract between the project sponsors, stakeholders and the team.

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It can be the contract or the business case of the project.

Project description: This section explains the reason for undertaking the project and what the project will achieve after its completion. It needs to include the details of what is going to be brought after the completion of the project.

Budget: This section includes the range of expenditure or budget constraints expected for the project. The estimated cost for the project is calculated as provided.

Risks: This section identifies any potential risk that the management team might see while going through the project that will affect its completion. It includes any risk that might affect the progress of the project. So, risk management plan should be included in a project plan which provides the detail of how the risk can be managed and the teams responsible for solving the risk.

Milestones: This section include dates, or anything specified in the contracts of the project you are working, which might later be transferred to the Gantt chart.

Project objectives: This section is very important as it explains the benefits of the project and what the project is expected to deliver, its target and its