Project Charter

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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

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