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A project charter includes an overview, the scope, an approximate schedule, an outline of necessary resources, and an estimated budget. A project manager generally writes the charter. Project sponsors approve it.

The project management triangle is made up of three variables that determine the quality of the project: scope, cost, and time. The triangle demonstrates how these three variables are linked?if one of the variables is changed, the other two must be adjusted in order to keep the triangle connected.

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.

7 steps to write a project plan to keep you on track Goals and project objectives. Success metrics. Stakeholders and roles. Scope and budget. Milestones, deliverables, and project dependencies. Timeline and schedule. Communication plan.

To be successful, you must have a solid understanding of the key elements of project management. These include scope, schedule, quality, cost, risk, and procurement.

A project management triangle has three constraints, including scope, time and cost. These three elements, when balanced correctly, produce the fourth element of the project management triangle: quality.

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.

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.