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The project charter is a high-level initiation document that consists of no more than two pages. It lists down the project objectives, scope, vision, team and their responsibilities and stakeholders. Project plan on the other hand, is a detailed document that describes how to accomplish the project objectives.

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.

A proprietary charter was issued to a single person, the proprietor, who was in charge of the colony. For example, King Charles II issued a proprietary charter to the Duke of York, who established the colony of New York, and one to William Penn, who established the colony of Pennsylvania.

It usually remains short but may link to more detailed documents. Project charter vs. project plan. ... Project name. Name your project, and make the title as specific as you can. ... Purpose, objective (goal), and project specification. ... Budget. ... Deliverables. ... Scope and risks.

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.

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.