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In the current version of PMBOK (4th Edition), it clearly says on page 74 that a project sponsor or initiator will either create the project charter or delegate that duty to the project manager. c. It provides authority to the project manager to begin applying resources to project activities.
PMBOK Definition of Project Charter: A document issued by the project initiator or sponsor that formally authorizes the existence of a project, and provides a project manager with the authority to apply organizational resources to project activities.
According to PMI®'s PMBOK Guide (5th edition), a project charter is a document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Typically signing of project charter is the responsibility of The project charter should be signed by someone with the authority to assign project resources and name the project manager, e.g. the Project Sponsor or the Senior Management but not the project managers themselves.
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.
The project charter is formally accepted and approved by the project sponsor and other designated stakeholders. Formal approval acknowledges the completion, review and acceptance of all the deliverables produced during the Initiate Stage.
The project charter is formally accepted and approved by the project sponsor and other designated stakeholders. Formal approval acknowledges the completion, review and acceptance of all the deliverables produced during the Initiate Stage.
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.
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