What is a project charter?

A project charter is a critical document that formally authorizes the existence of a project. It establishes the project's objectives, provides a high-level overview of what the project will achieve, and outlines the stakeholders involved and their roles. By granting validity and direction to the project, the charter serves as a foundational point for project planning and execution. It acts as a reference for project goals and is crucial for aligning stakeholder expectations.

While a project charter does not delve into the specifics of resource allocation or scheduling, which would typically be detailed in a project management plan, its primary purpose remains the formal authorization and setting of objectives. Additionally, it is not a report evaluating success or merely a tool for stakeholder communication; rather, it is the document that initiates the project and presents the intent to pursue it in a structured manner, establishing a shared understanding among stakeholders.