A project charter is a document that formally announces the start of a new project. This document is issued and signed by Project Sponsor. This document is a written approval to the project manager to start the project and you have the authority to spend money to manage the project.
What input is taken to create a project charter? To create a project charter there are five inputs.
Project SOW: This is statement of work and it is created by the Project sponsor if the project is an internal project. If the project is an external project, it is created by the customer/buyer.
Organization Process Asset: This includes Company existing process, procedures, policies and historical information.
Enterprise Environmental factors: This includes Govt or industry standards, Political climate, Market place condition, Company culture and existing system etc.
Contract: This includes the contract between buyer and seller of the project.
Business Needs: This is the need of business and how does it fits into the customer strategic planÉ
