What is Project charter?

Example: Project charter

You are the project manager in charge of developing a new shipping container for Globus Ocean Transport, which needs to withstand winds of 90 knots and swells of 30 meters. In determining the dimension of the container and the materials to be used in its fabrication, you convene a group of knowledgeable professionals to gather initial requirements, which will be included in the— 
a. Project charter 
b. Bill of materials 
c. WBS 
d. Project Statement of Work

Answer: a. Project charter

The project charter documents

The project charter documents the business needs, assumptions, constraints, understanding of the customer needs and high-level requirements and what the new product, service, or result is to satisfy. It is the document used to formally authorize the project. [Initiating]