According to the PMBOK® Guide, to create a useful and well-documented project charter, you should include at least these elements:
■ Purpose or justification for the project
■ Project objectives that are measurable
■ High-level list of requirements
■ High-level description of the project
■ High-level list of risks
■ Summary milestone schedule
■ Summary budget
■ Criteria for project approval
■ Name of the project manager and their authority levels
■ Name of the sponsor (or authorizer of the project) and their authority levels
The important factors to remember for the exam about the project charter are that it authorizes the project to begin, it authorizes the project manager to assign resources to the project, it documents the business need and justification, it describes the customer's requirements, and it ties the project to the ongoing work of the organization.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.