Are you looking for a template that helps you handle the overall authenticated and approved plan on the project? Then you must consider using a project charter template to handle and manage the project as a whole.
A project charter is basically the chief plan of the project representative of all the significant parts and plans of the project. This is also known as a project statement plan. In short, the project charter is an approved finalized plan. Often the project managers are the ones who create the charter and are later signed and checked by the major members and higher associates of the project team. This provides a scheme for the project team to work on the steps step by step making it easy to gain the project goals and objectives.
This object of writing will shed light on the basic concept and idea of the project charter and how it works in project management? We will also discuss why is it important and what are main components of it? You may also like Project Brief Template.
Table of Contents
Elements of Project Charter
The charter also serves as a helpful tool in solving problems that pop up and aids in finding the most suitable solution to those problems. It primarily is one of the most initial documents made at the start of the project
The project charter is available in many formats and you can easily select one according to your project requirement.
Following are some of the important fundamental parts of the project charter template:
- First, come to the Project purpose and needs
- Then the chief facts and important information of the project
- Next is the details of the budget and expenses of the project
- The associated hazards and risks must also be included
- After that the significant milestones of the project
- And the most important thing is authentication and approval of the project
- The details of required resources should also be added
- Lastly, the main roles and responsibilities of the project team members
How to Create A Project charter
The project charter provides the authority to the project manager to run the project according to the approved plan. It will eventually result in smart management and usage of the resources in a proper manageable way. That is why it is required to have the charter as comprehensive as it could be to ensure the best outcome of your ongoing project. The more the charter is detailed and systematic the more it will be operative and competent. You should also check Project Task List Template.
There are no hard and fast rules while making the project charter. Therefore, it must include all the important information regarding the project. To design a valuable project, charter the following steps should be followed:
- First to give an identity to your project decide and finalize a proper name for your project.
- Then specify the project goals and purposes.
- Then the comprehensive details of budget and finances must be added.
- Scope and hazards also must be included precisely.
- The major milestones, deliverables should also be part of the project charter to ensure the best results in the end of the project.
- Finally, make a note of team roles and responsibilities. This helps in pinpointing which team member is responsible for which task. You may also see the Project Change Request Template.
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Importance of Project charter template
Besides, having a well-maintained and authentic plan on is always helps in making and difference and eventually the successful completion of the project on time. That is why the Project charter template has widespread application and most recommended tool in the field of project management. It assists in defining the key roles and responsibilities of the project participants and provides an overall picture of the purposes of the project.
Moreover, the charter tool helps in repressing and explaining the important parts of the project in one place. As it highlights the ed road map of the different stages of the project one by one. Therefore, it surely helps you save time by running the project smoothly without any delays in the process. Project managers also get help from the charter to allocate duties and provide clear guidelines to the project members.
PMBOK project charter template
According to PMBOK, the project charter is an authentic and well-maintained document agreed and authorized by project sponsors and stakeholders an initiative step to officially authorize and begin a project.
As in the above discussion, we came to know that the Project Charter is one of the must-have and integral parts when comes to handling and managing a project. It is a handy tool for the betterment and smooth running of the project. Subsequently, you cannot neglect the importance of this amazing and most useful document. Accordingly, the project charter is very important for the existence of your business project.
I hope this piece of discussion is fruitful and gives you a better understanding of the value and benefits of usage of the Project Charter tool.