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The Charter Act 1853 was passed in the British Parliament to renew the East India Company's charter. Unlike the previous charter acts of 1793, 1813 and 1833 which renewed the charter for 20 years; this act did not mention the time period for which the company charter was being renewed.

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.

There are several components in a complete project charter: Basics: Include the completion date, details about who's leading the project,and the name of the project. Project goals: Detail the desired outcome. ... Stakeholders:Define stakeholder roles in the project.

Let's dive into the details: Step 1: Define your goals and objectives. ... Step 2: Set success metrics. ... Step 3: Clarify stakeholders and roles. ... Step 4: Set your budget. ... Step 5: Align on milestones, deliverables, and project dependencies. ... Step 6: Outline your timeline and schedule. ... Step 7: Share your communication plan.

To create a project charter, follow the below steps. 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.

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.

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.

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.