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The PMI (Project Management Institute) defines the project charter as "a document that formally authorizes a project and serves as its foundation." The PMI also states that the charter "provides direction, establishes authority, and identifies the major stakeholders."

A project charter delineates the roles and responsibilities of everyone involved. It ensures that all stakeholders are on the same page and provides a clear roadmap for the project from start to finish. Without a project charter, it would be very difficult to accomplish anything in a business setting.

The project charter is a high-level initiation document that consists of no more than two pages. It lists down the project objectives, scope, vision, team and their responsibilities and stakeholders. Project plan on the other hand, is a detailed document that describes how to accomplish the project objectives.

Project charter names and authorises the project managers of a project while a Business case justifies a company's decision on why it should take up a project. Project charter literarily is a document that authorises the project to be executed while Business case enhances the result of the project through research.

A proprietary charter was issued to a single person, the proprietor, who was in charge of the colony. For example, King Charles II issued a proprietary charter to the Duke of York, who established the colony of New York, and one to William Penn, who established the colony of Pennsylvania.

This document is called the project charter. It's similar to a business plan, but it's focused on a specific project and is much shorter. Also, a project charter is not a roadmap ? it's a high-level overview of the project's purpose, goals, and expected outcomes.

Setting up a team charter helps in modeling the team and helps resolve conflict. ing to PMI a good Team Charter establishes values, agreements, and practices. It should include: Shared values of the team.