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What is the purpose of a project charter?

At the same time, the document serves these purposes: Clarify costs and resources. A project charter provides a basic estimate of how much the project will cost and which human resources it will require. ... Use as a reference for further project planning. ... Improve project communication. ... Identify potential problems. ... Allow for negotiation about project details. ...

What does project charter mean?

A Project Charter is a document that, while describing the purpose of a project and its scope, it legally authorizes the beginning of the project . Any business nowadays, before initiating a new project requires a signed project charter.

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