A Project Charter is a formal, authoritative document that provides a clear and concise overview of a project. It serves as a foundational document that formally authorizes the existence of a project and provides the project manager and team with the authority to commence project activities. The Project Charter outlines the project’s objectives, scope, stakeholders, roles and responsibilities, deliverables, constraints, assumptions, and high-level timeline.

The Project Charter is typically developed during the initiation phase of the project, in collaboration with key stakeholders and project sponsors. It provides a common understanding of the project’s purpose, scope, and objectives, and serves as a reference point throughout the project lifecycle to ensure alignment with project goals and objectives. Additionally, the Project Charter helps to establish clear expectations, roles, and responsibilities for all project participants and provides a basis for decision-making and project governance.