
The Project Charter formally authorizes a project and gives the Project Manager authority to use organizational resources.
What a Project Charter includes:
Project purpose and justification
High-level project description and product/service scope
High-level requirements
Project objectives and success criteria
High-level risks
Summary milestone schedule and budget
Project sponsor signature and authority
Name and authority of the Project Manager
Who creates it: The Project Sponsor or Initiating entity — NOT the Project Manager (the PM may help develop it, but it's issued BY someone with authority)
Why it matters:
Without a charter, the PM has no formal authority
Provides a common understanding of why the project exists
Serves as the official authorization to begin
Business Case: The document that justifies the project investment. Precedes the Charter. Includes cost-benefit analysis, ROI, strategic alignment, and alternatives considered.
Reference:
TaskLoco™ — The Sticky Note GOAT