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Who approve the project charter?
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.
Who is responsible for developing a project charter?
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.
Who should issue the project charter?
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.
What is the role of the project manager and team for creating the project charter?
The charter also identifies key stakeholders and the authority of the project manager. It's important for the project manager to lead draft of project charter because the project has a variety of tasks. It is necessary to identify specifically all steps or parts, and the team members could match for every task.
What is the purpose of the project charter?
The project charter establishes the authority assigned to the project manager, especially in a matrix management environment. Furthermore, it is considered industry best practice. The purpose of the project charter is to document: Reasons for undertaking the project. Objectives and constraints of the project.
What is the next step after project charter?
Project charter approval After gathering all the information that is known about the project at the initiating stage of the project and including it in the project charter, the next step is to get formal approval from the relevant stakeholders for the project charter.
What happens after project charter is approved?
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.
Does the project charter change?
Can The Project Charter Be Changed After it is Signed-off? Any document on a project can be changed. The only requirement is that all changes must be reviewed, analyzed for impact on the triple constraints (Time, Cost, Scope, as well as Risk, Quality, Resources etc.), and formally approved by the relevant authorities.
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