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1 : a written instrument (see instrument entry 1 sense 5) or contract (such as a deed) executed in due form. 2a : a grant or guarantee of rights, franchises, or privileges from the sovereign power of a state or country The charter allows for unrestricted trading.

The definition of a charter is a grant of power to an organization or to an institution, defining the function, rights, obligations or privileges. An example of charter is when a college is founded and a document made to outline the policies of the college.

The main purpose of the project charter is the formal authorization of the project and the go-ahead to commit organizational resources to it; without a project charter, the project can be canceled anytime and for any reason and can be subject to an audit as an unauthorized project.

How to Develop a Project Charter Identify the Project Vision.Identify the Stakeholders and the Customers.Create an Organizational Chart.Define Project Milestones.Create a Resource Plan.Set the Budget for the Project.List Down the Dependencies, Constraints, and Risks.Lay Out the Implementation Plan.

The definition of a charter is a grant of power to an organization or to an institution, defining the function, rights, obligations or privileges. An example of charter is when a college is founded and a document made to outline the policies of the college. To grant a charter to; establish by charter.

You'll often create project charters after the SOW. There's no difference between a scope of work and a statement of work. However, a project charter will contain a scope of work within it (more on this later).

In 1215, the earliest famous example of a charter was the Magna Carta, which established the rights of the people of England. Colonial charters occurred in the 16th and 17th centuries and established the Thirteen Colonies of America. Today, most corporations need to be granted a charter to be legally recognized.