This is a document where it all begins. Project authorization is done on this document and a project would be initiated with the top level requirements listed in this document. Initial requirements as seen by stakeholders and the outcomes of the project also are listed in it.

A project charter is a formal document that authorizes the start of a project. It outlines the project’s objectives, scope, stakeholders, constraints, and high-level deliverables. The project charter serves as a contract between the project sponsor and the project manager, providing the authority and resources necessary to initiate and carry out the project. Key components typically included in a project charter are:

Project Objectives: Clearly defined goals that the project aims to achieve.
Scope: The boundaries and limitations of the project, including what is included and excluded.
Stakeholders: Individuals or groups with an interest in the project, including their roles and responsibilities.
Assumptions and Constraints: Factors that are accepted as true or limitations that the project must adhere to.
Deliverables: Tangible outputs or outcomes expected from the project.
Milestones: Significant points or events in the project timeline.
Budget and Resources: Financial allocation and other resources required for the project.
Risks and Mitigation Strategies: Potential threats to the project’s success and plans to address them.
Approval: Signatures or formal acceptance from relevant stakeholders authorizing the project to proceed.

In essence, the project charter provides a clear roadmap for the project’s initiation, execution, and completion, ensuring alignment among stakeholders and setting the stage for successful project management.