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The project charter typically documents the following parts of the project: Project objectives and constraints. Key stakeholders. Risks identified. Benefits of the project. General overview of the budget.

Steps to writing a project charter Choose a project name. Identify the purpose, objective (goal), and project specification. Set a budget. Define deliverables. Assess scope and risks. Create a timeframe or milestones. List key stakeholders. Layout team roles and responsibilities.

Scope, time, money, and resources—these elements tie into one another, and together, they form the fabric of a project. Understanding what they are and how they interact can help make you a more effective project manager, regardless of your industry or niche.

What is a Project Charter? The project charter is a formal document that lays out the project vision, scope, objectives, project team and their responsibilities, key stakeholders and how it will be carried out or the implementation plan. It is also known as the project statement and project definition report.

The six main parts of a project charter are an overview, an outline of the project's scope, an approximate schedule, a list of anticipated risks, an estimated budget, and a list of key stakeholders.

Tips for Writing an Agile Project Charter Accessibility: Make your charter easily accessible for the entire team. ... Clarity: Ensure that your charter is easy to understand. ... Concision: Try to keep the charter to a single page. ... Collaboration: Incorporate team input when designing your project charter.

In most cases, the project charter is written by the project manager. However, there is one more key player in preparing this document- the sponsor. The sponsor is the main initiator and supporter of the project. This is usually a high role executive that sees real value and purpose for the project to go through.