Project Charter

Project Charter refers to a statement of objectives in a project. This statement also sets out detailed project goals, roles and responsibilities, identifies the main stakeholders, and the level of authority of a project manager.
It acts as a guideline for future projects as well as an important material in the organization’s knowledge management system.
The project charter is a short document that would consist of new offering request or a request for proposal. This document is a part of the project management process which is required by Initiative for Policy Dialogue (IPD) and Customer Relationship Management (CRM).
The Role of Project Charter:
  * It documents the reasons for undertaking the project.
  * Outlines the objectives and the constraints faced by the project.
  * Provides solutions to the problem in hand.
  * Identifies the main stakeholders of the project.
Benefits of Project Charter:
  * It improves and paves way for good customer relationships.
  * Project Charter also works as a tool that improves project management processes.
  * Regional and headquarter communications can also be improved to a greater extent.
  * By having a project charter, project sponsorship can also be gained.
  * Project Charter recognizes senior management roles.
  * Allows progression which is aimed at attaining industry best practices.
Elements in Project Charter:
Since project charter is a project planning tool which is aimed at resolving an issue or an opportunity, the below elements are essential for a good charter project.
For an effective charter project, it needs to address these key elements.
  * Identity of the project.
  * Time: the start date and the deadline for the project.
  * People involved in the project.
  * Outlined objectives and set targets.
  * The reason for a project charter to be carried out often referred to as 'business case'.
  * Detailed description of a problem or an opportunity.
  * The return... [continues]

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