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The project charter is a document that officially starts a project or a phase. It formally authorizes the existence of the project and provides a reference source for the future. The charter gives a direction and a sense of purpose to the management from start to end.

What is a project charter? A project management charter states the scope and objectives of a project, as well as the people who will participate in it. You may also hear it called a project definition report or project statement. Project managers should use this document to: Authorize the project.

Steps to writing a Project Charter Choose a Project Name. Identity 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.

These four elements are included in the project charter document in addition to the main project charter document sections: business case, problem statement, goals, goal statement, project scope, project plan, and team structure. The R-A-C-I model is also useful when defining the team structure.

Elements of the Project Charter Purpose: To be assembled from Problem and Goal Statements. Value: To be assembled from the Business Case. Scope: To be assembled from the high level business flow. Team: To be decided as per the roles before beginning the project.

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.

Project plan. 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.