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Project Charter

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Introduction:

Project Charter refers to a statement of objectives in a project. This statement also sets out detailed project goals, roles and responsibilities, identifies the main stakeholders, and the level of authority of a project manager.

It acts as a guideline for future projects as well as an important material in the organization.s knowledge management system.

The project charter is a short document that would consist of new offering request or a request for proposal. This document is a part of the project management process which is required by Initiative for Policy Dialogue (IPD) and Customer Relationship Management (CRM).

The Role of Project Charter:

Following are the roles of a Project Charter.

Benefits of Project Charter:

Following are the prominent benefits of Project Charter for a project.

Elements in Project Charter:

Since project charter is a project planning tool which is aimed at resolving an issue or an opportunity, the below elements are essential for a good charter project.

For an effective charter project, it needs to address these key elements.

Out of all above elements, there are three most important and essential elements that need further elaboration.

Business Case

This outlines the need for a project charter to take place. A business case should set out the benefits gained from carrying out a project charter. Benefits need not only be in terms of finance such as revenue, cost reduction etc but also the benefit that the customer receives.

Following are the characteristics of a good business case.

Project Scope

As the name denotes, it refers to the scope that the project will give the business if they undertake the project.

Before doing a project, the following concerns need to be addressed:

The Need for a Good Communication Plan:

The need for a good communication plan is at its utmost necessity when it comes to planning a project. Project Managers need to work on building a good communication plan which will help in meeting the overall objectives of a Project Charter.

When creating a communication plan, the project manager needs to take the following into consideration:

Conclusion:

The project charter is not only a tool that is used for planning projects but also a communication mechanism that acts as a reference. A well planned project with an effective communication plan will definitely bring in success for the project undertaken at hand.

Therefore, the Project Charter should be one of the frequently referred documents in a project and the entire project team needs to be aware of the content of the Project Charter. This is a key element for a successful project.

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