The Value of a Project Charter in Project Management (Essay Sample)
This paper is about the Value of a Project Charter in Project Management. With all the components of a projector charter, anyone can easily note its value in a project. There are several values attached to this document starting with the fact that it ensures the project manager has a good understanding of the sponsors' requirements. Further, it provides essential information necessary to start the project. Lastly, the document plays a vital role in acting as a reference to ensure that all the involved parties are on the same page.
source..The Value of a Project Charter in Project Management
Introduction
A project charter is an essential document that officially starts a phase of a project. It plays a significant role during the project, which includes authorizing the existence of a project, providing the reference for the future, naming the project manager and their authority, and explaining the business needs that necessitate starting the project. Besides, managers and other stakeholders in the initial project phase need to understand that a project is not a project unless the higher authorities approve the project charter (Tereso et al., 2019).
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