What is a project charter How can it help a project Do you t

What is a project charter?

How can it help a project?

Do you think you need to do a charter for every project?

Solution

What is a project charter?

Answer:- A project charter is a detailed plan of a project which sets out the detailed plans, roles and responsibilities, different stakeholders and the level of authority of a project manager . It also brings to light the various bottelenecks and risks that may prevail during the course of the ongoing project.

How can it help a project?

A Project charter is an indespensible part of any structured project which lays down the foundationstone for the project. The advantages of a project charter are as follows:-

A.Objective : The Project Charter defines the objectives of the project and also how the company would be benifited from it.

B.Statement of Problem: The Project Charter brings to light the various risks factor that are accociated to the project and accesses it. The risks are quantified and are evaluated to minimize the failure of the project.

C. Defines Boundaries: A project carter defines the boundaries of the different stakeholders and ensures that each and every work is done effectively.

D.Resources :- The project charter defnes the assets, labours and resources that are requird to complete the task in time.

E. Schedule & Budget:- The project Charter defines abot the start of the different phases of the project with its budget for completion

Do you think you need to do a charter for every project?

Answer:-  A project charter provides a birds eye view to a project describing the objectives, scope and the dileverables. So it is suggested that to minimize the risk and complete the project on time effeciently and effectively a Project Charter is required.