SAB7#021 Develop Project Charter

1. Agreements are used to define initial intentions for a project. Agreements may take the form of contracts, memorandums of understanding (MOUs), service level agreements (SLA), letter of agreements, letters of intent, verbal agreements, email, or other written agreements.

1. The business case describes the necessary information from a business standpoint to determine whether or not the project is worth the required investment.

1. Organizational Process Assets are organizational standard processes, policies, and process definitions, templates and historical information and lessons learned knowledge base

1. Enterprise Environmental Factors are government standards, industry standards, regulations, organizational culture and structure and Marketplace conditions.

Annotations:

• •Project purpose or justification, • Objectives and related success criteria, • High-level requirements, • Assumptions and constraints, • High-level project description and boundaries, • High-level risks, • Summary milestone schedule, • Summary budget, • Stakeholder list, • Project approval requirements   • Assigned project manager, responsibility, and authority level, and • Name and authority of the sponsor or other person(s) authorizing the project charter.

1. It authorizes the existence of a project and provides the project manager with the authority . It documents the business needs, assumptions, constraints, the understanding of the customer’s needs and high-level requirements, and the new product, service, or result that it is intended to satisfy