Project charter authorizes project
The project charter formally authorizes a project. Project charter authorizes the PM to apply 17 resources to complete the work on the project. It is the first thing done in a project. An approved project charter initiates the project. One of the below options related to project charter is not correct. Identify the incorrect option.
A. Authorizes the PM to apply resources to complete the work on the project.
B. Documents the business needs, assumptions, constraints, risks, high-level requirements, etc.
C. It describes, that the project is worth the investment.
D. Formally authorize the project.
Answer: Option C is not correct.
It is related to business case. Project charter formally authorizes a project. Project charter authorizes the PM to apply resources to complete the work on the project. It is the first thing done in a project. An approved project charter initiates the project. It is in the Initiating process group. Since project is sponsored by sponsors, charter needs to be approved by sponsors. PM should be allocated while developing the project charter for the purpose of understanding the requirements. Charter identifies the business needs and stakeholders' expectations.
Key Contents of Project Charter:
- Project Title and description.
- Stakeholders.
- Business case.
- Project constraints and assumptions.
- Sponsor for the project.
- Stakeholder influence/authority level.
- Product description.
- Budget for the project.
- PM & their roles, authority etc.
- Project Risks.
- Project justification.