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A project charter is a formal short document that states a project exists and provides project managers with written authority to begin work. A project charter document describes a project to create a shared understanding of its goals, objectives and resource requirements before the project is scoped out in detail.

There are four clear steps to creating your own project charter. Step 1: Understand key project goals and objectives. Identify the project vision and determine the scope of the project. ... Step 2: Define project organization. ... Step 3: Create an implementation plan. ... Step 4: List potential problem areas.

A project charter should only include three elements: your project objectives, scope, and responsibilities. Once your charter has been approved, you should then create a project plan. Your project plan builds on your project charter to provide a more in-depth blueprint of the key elements of your project.

What Are the Contents of a Project Charter? A project charter should always include an overview, an outline of scope, an approximate schedule, a budget estimate, anticipated risks, and key stakeholders. Each of these sections should be brief, but as thorough as possible.

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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.