What is Project Charter? | Everything you Need to Know
In this video, we'll be discussing everything you need to know about the project charter - a high level foundational document that outlines the purpose, objectives, and benefits of a project in clear terms. It's a crucial document that aligns us with the goals of the organization, ensuring that we know what purpose we serve in the big picture. Once the sponsor approves the charter, we're ready to go - they're the person who approves, works through, signs, and authorizes the project, allowing us to spend the necessary funds.
The project charter includes high level details like the scope, schedule, cost, risks, key resources, stakeholders, milestones, and constraints. We need to be specific about what we're doing and what we're not doing, understanding the resources we need, and being aware of the risks that are out there. We also need to know how we'll evaluate ourselves and what the success criteria will be. In short, the project charter is a foundational document that outlines the who, what, when, where, and why of a project, and it's not something to be hastily thrown together - we need to pitch it around and work it through with key stakeholders to ensure we're on the right track.
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