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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.

To create a project charter in Microsoft Word, identify the project's purpose, objectives, scope, assumptions, constraints, risks, budget, team members, communication plan, and any other relevant details. Then create a document that articulates such information.

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.

The sponsor or the initiator signs the project charter. The PMBOK® Guide, 4th edition (new one) states: ?Projects are authorized by someone external to the project such as a sponsor, PMO or portfolio steering committee. The project initiator or sponsor should be at a level that is appropriate for funding the project.

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.

How to Develop a Project Charter 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.