A project charter is a formal, typically short document that describes your project in its entirety — including what the objectives are, how it will be carried out, and who the stakeholders are. It is a crucial ingredient in planning out the project because it is used throughout the project lifecycle
he project charter typically documents:
- Reasons for the project
- Objectives and constraints of the project
- The main stakeholders
- Risks identified
- Benefits of the project
- General overview of the budget
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