The Project Charter
The project charter is created during the planning-and-organization phase to establish a complete understanding of the project's scope and objectives. The document helps to align assumptions and expectations among executive sponsors, stakeholders, and team members.Components of the project charter are: scope, business and project objectives, methodology, schedule, deliverables, risks and dependencies, budget, organization chart, roles and responsibilities, stakeholder expectations, benchmarks, benefit analysis, critical success factors, communication plan, and control procedures. (See Appendix C for the Fowlers' supply chain project charter.)