What is a project charter?

A project charter is a crucial document in project management that officially authorizes the existence of a project. It serves as a formal agreement between the project stakeholders, outlining the project’s objectives, scope, and overall vision. This document establishes a clear framework that defines what is to be achieved, ensuring that everyone involved has a shared understanding of the project goals and the expectations.

By defining the project objectives, the charter helps in aligning the stakeholders' interests and provides a reference point throughout the project's lifecycle. Additionally, it often includes information about key stakeholders, the project manager, and the authority given to the project manager, which empowers them to allocate resources and make decisions.

Therefore, the project charter is instrumental in setting the foundation for the project, guiding all subsequent planning and implementation efforts.