Project Charter is a crucial document that all defines the goal of a particular project concisely. Projects range from simple to complex. As such, project managers work on the project depending on the model of charter relevant to the organization. Project charters may have different elements depending on the nature of the project ( Martinelli & Milosevic, 2016 ). The common elements that encompass most project charters include project purpose, project description, budget, risks, milestones, project objectives, and project manager authority levels ( Martinelli & Milosevic, 2016 ).
The project purpose explains the need for that particular project. In other words, project purpose illustrates the importance of accomplishing the project. Project description expounds on what the project will achieve after its completion ( Martinelli & Milosevic, 2016 ). The section details the services that project will deliver to the anticipated stakeholders. Successful completion of a project is contingent on the budget. The budget of the project expounds on the financial appropriation of each phase of the project and other constraints that may impede the project.
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Another essential element of the project charter is the project risks. All projects face both known and unknown risks. The risk section of the project charter documents the risk logs that project may encounter. The section enables the management to establish mitigation measures to ensure the project moves on smoothly. Milestones are significant achievements in the project that are guided by time. Project charter should have milestones that are included in the Gantt chart. Project objectives are parameters that define what the project has achieved at a specific time and the ultimate goal ( Snyder & Dionisio, 2017 ). The objective enables the project managers to review the plan and ensure that new plans enacted can catalyze achievement of the goals. The final element of a project charter is the project manager authority levels. The element defines the level of empowerment and prerogatives of the project managers. As such, people working in the project learn their duties and roles.
References
Martinelli, R. J., & Milosevic, D. Z. (2016). Project management toolbox: tools and techniques for the practicing project manager . John Wiley & Sons.
Snyder, C., & Dionisio, C. S. (2017). A project manager's book of forms: A companion to the PMBOK guide . John Wiley & Sons.
