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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.

A project charter is one of the first documents you create to describe a project's purpose. It's an essential piece of information that helps develop a shared understanding among a project's key stakeholders. But if you're new to drafting this document, don't worry.

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.

To create a project charter in Microsoft Word, identify the project's purpose, objectives, scope, assumptions, constraints, risks, budget, team members, communication plan, and any other relevant details. Then create a document that articulates such information.

Organize Your Information and Create Your Charter: Your charter should include an overview, an outline of scope, an estimated schedule, a list of resources, and a budget. Be sure to reference past, similar projects in order to make more accurate budget and timeline estimates.

1. It defines the goals, objectives, and basic purpose of the work (all of which will ultimately feed into your project plan). 2. It creates a shared understanding of the project's goals, objectives, and resourcing requirements, before you start scoping these out further and in more depth.

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.