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Project Charter

A project charter is a formal document that summarizes the project's goals and intended results. It also serves as the official go-ahead for the project and grants the team, typically the project manager, the authority to begin work.

Key Points

  • Issued early by a sponsor or approving authority to start the project.
  • Captures purpose, high-level scope, success criteria, budget, and major milestones.
  • Names the project manager and defines their level of authority and responsibility.
  • Identifies key stakeholders and links the project to the business case or strategic need.

Example

A company approves a charter to implement a new customer portal: it states the objective to reduce support calls by 20% in 9 months, lists high-level features, allocates a budget, names Jordan as the project manager with authority to use cross-functional resources, and authorizes the team to start planning.

PMP Example Question

Which document formally authorizes the project and gives the project manager authority to apply organizational resources?

  1. Project charter
  2. Project management plan
  3. Statement of work
  4. Business case

Correct Answer: A — Project charter

Explanation: The project charter provides formal authorization to start the project and grants the project manager authority to use resources.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



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