Thus, people can get confused, and go in the wrong direction or may have misconceptions… wasting valuable time, money and resources. Generally speaking, anyone above the level of the project manager can sign the project charter. The above cannot be done by an individual project manager. There are over a 100 posts on the PMCHAMP blog, all focusing on helping you prepare and get ready for the PMP exam. A face to face training is also good, but is often crammed in a short span of 4-5 days, and leads to information overload… which hinders memory retention. But since the project charter is signed by the Project Sponsor (or any other manager external to the project – generally senior to the project manager), any changes to the project charter should also be approved by the Sponsor or the Change Control Board (CCB) appointed by the Sponsor. Project charter definition. The sponsor should sign the charter. Don’t start a project to just “improve customer satisfaction”, or “increase topline revenue”, or “increase sales”, or “build better relationships with the customer” or “build a high speed train network”. An understanding of the components of the project charter, effective use of each component and its application during the course of the project is essential to appropriately answer the questions during your PMP exam. A template is an example of an enterprise environmental factor. document issued by the sponsor/initiator of the project that formally authorizes the existence of the project and provides the Project Manager with the authority to apply organizational resources to Project Activities The project charter is an output from process 4.1 Develop Project Charter in the PMBOK® Guide – Sixth Edition. It begins the process of defining the roles and responsibilities of those participants and outlines the objectives and goals of the project. Microsoft and MS Project are the registered trademarks of the Microsoft Corporation. Notify me of follow-up comments by email. Can a project charter be changed? A Project Charter refers to a short, formal document that contains the objective statement of a project. A document issued by the project sponsor that formally authorizes the existence of a project, and provides the project manager with the authority to apply organizational resources to project activities. But the change need to be approved by the Project Sponsor or the CCB appointed by the sponsor. They are better left to serve as the point of escalation for the project. You may be working on some “ghost” project… Be careful! Both are considered to be important, as well as difficult for the PMP exam. 5. A charter formally authorizes the existence of the project. If you are serious about getting the PMP certification, you better study, understand and master the key concepts of the project charter thoroughly. 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