A project charter, according to PMBOK, is a document that the project initiator or sponsor issues to officially approve the existence of a project and give the project manager the power to apply organizational resources to the project. The PMI organization values the project charter highly.
The project charter will outline the high-level requirements to meet the needs of the stakeholders and define the project manager’s scope of responsibility. Project managers are more advantageous when they have effective channels of communication and an understanding of conflict management.
The value of the project charter
Let’s examine the significance of the project charter elements.
Without a project charter, the project can be canceled at any time and for any reason, and it could be subject to an audit as an unapproved project. The formal authorization of the project and the green light to devote organizational resources to it are the main goals of the project charter. What’s your Think about a project that lacks a project charter.
Without a project charter, there will be no direction for the projects. The Project Managers won’t have any power. There won’t be any standards for the projects that are undertaken. The projects’ purview won’t be precisely defined. We advise taking the PMP course and earning your certification if you want to do this correctly.
Let’s think about a project that has been underway for two to three months. The project is progressing well, and a project manager has already approved. Due to certain circumstances, the current project manager leaves the company, and a new project manager is given responsibility for the project.
Every project manager with authorization should start by reading the project charter to comprehend its business needs and objectives. Goals, scope, stakeholders, and a high-level deliverable are all covered in the project charter. The project manager would have been like a “Fish Out of Water” if there had been no project charter elements.
Writing a project management charter suggestions
Are you prepared to write your project charter? As you complete the above steps, bear the following additional advice in mind.
1. Embrace your team’s observations.
Don’t feel as though you have to figure out all of this information by yourself. To learn more about objectives, milestones, and potential trouble spots, gather a few members of your project team together. You can make a much more precise project charter by gathering their insights.
2. Keep it succinct and uncomplicated.
The wealth of knowledge out there makes it easy to get lost. But keep in mind that your project charter shouldn’t be a detailed breakdown of every aspect of your project; rather, it should be a high-level overview. You should only need one or two sentences to complete each section of your charter. Additionally, using charts and bulleted lists will aid in organizing and making the information easier to understand.
3. Establish a template.
You’ll undoubtedly want a project charter for every project your team works on once you realize how useful one is. Stop wasting time trying to reinvent the wheel. Make a straightforward template that you can use for all of your project charters.
What Occasions Require a Project Charter?
For your company, a project charter is a crucial document. It will outline what you intend to do and set expectations for your collaborators and stakeholders. A project charter, which can be modified or revised as conditions change, keeps everyone on task throughout all phases of a project. Knowing when you need one, who needs one, and how to write one effectively is crucial for this reason.
How should a project charter be written?
A concise project charter outlining your project’s overall scope. Verify its effectiveness; it should be straightforward enough for the entire team to read and understand.
– Including its goals, the method of implementation, and the parties involved. It used at every stage of development, making it essential for planning and managing projects. Project charters act as benchmarks to track progress, assess performance, and communicate objectives. Deliverables, budgets, and important dates can all outlined.
Checklist for the Project Charter
“Why” for the vision, purpose, and objectives
Every project charter should explain its purpose to you. Even though it seems straightforward, that one sentence will act as the cornerstone for the rest of your document. Describe the significance of this project and its main goals. Everyone involved knows where they stand and their responsibilities in achieving the goals by having clear objectives from the start.
This can also mean working toward clearly defined goals rather than making assumptions about them later to save time and effort during implementation.
“What”: “Organize, Approach, and Scope”
Describe your strategy for achieving your objective (s). Give a detailed description of the project, the ideal spending limit, and the intended use of the funds. Setting limits and outlining what you won’t be doing as part of the project is important.
Responsibility, Implementation, and Organization – “Who”
What role will each participant play in the project? A brief written summary outlining what expected of each of the key roles and responsibilities should assigned, along with a line of reporting of responsibility.
Explain the resources that will used and how they will distributed by dividing the list into categories like labor, equipment, and materials.
Project Management Records
The process of successfully implementing a project necessitates a variety of documents. The project charter can compared to other project planning documents as follows:
Project Plan vs. Project Charter
The project charter elements only has three components. After receiving approval and the go-ahead for the project via the charter, you proceed to develop a project plan. The project plan goes beyond your charter to produce a more comprehensive, detailed document that will include important project components. Goals, metrics, roles, milestones, and timelines are a few examples.
Project Brief vs. the Project Charter Elements
A project brief, which is a condensed version of your project plan, created after the project has approved. The project brief provides context for the project and includes details like background knowledge, goals, metrics for success, timelines, and the intended audience.
Why Is a Project Charter Beneficial?
Due to its abundance of clarity and ability to advance the project, it is an essential component of project planning. You can demonstrate value and win support for the project with an updated document that contains precise and succinct information about it.
A project lacks direction without a project charter. Different stakeholders, clients, project managers, and team members have various goals and expectations for a project. To create a simple project charter, go to eduhubspot and enroll PMP BOOTCAMP
Author: Axiswebart team has 5+ years of experience in writing content on Project Management topics and along with different publications. Also, they are delivering good write-ups on various other projects too.