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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.

An Agile project charter includes potential risks, success criteria, specific responsibilities, and other details associated with a project. Each component of the charter should help communicate the vision of a project and guide team members through successful project execution.

Product Charter Template Make sure it is clear who is the target audience of your product and what it offers to them. Use the present tense to explain the unique features of your product that others don't have. Get feedback from your team, then make changes and tighten up.

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. Overview: Outline what the project entails and what it should accomplish.

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.

Work packages decomposed into activities is not typically found in a project charter since project have not been started.

Project charter names and authorises the project managers of a project while a Business case justifies a company's decision on why it should take up a project. Project charter literarily is a document that authorises the project to be executed while Business case enhances the result of the project through research.