List eight elements that could be included in a project charter. Describe why each element is valuable to the project charter

Answer 1

Listed are the project elements and what each one adds to a project charter. Each helps with the planning of the project and moving from the initiating to the planning phase of the project.
a . project title communicates a vision for the end result of the project, unless
confidentiality is necessary and a code name is used.
b. purpose summarizes the need and justification for the project.
c. description provides a high-level description of the project and may include the
major tasks, major phases, and a work breakdown structure.
d. objective states what is expected to be accomplished.
e. success criteria or expected benefits indicate the quantitative benefits of the project.
f. funding indicates the total amount of funds authorized for the project.
g. major deliverables state what is expected to be completed at the end of the project.
h. acceptance criteria describe the quantitative criteria for each major deliverable.
i. milestone schedule lists the target dates or times for the achievement of key events
for the project.
j. key assumptions include those in the base for the project justification and rationale,
and include assumptions about resources for the project.
k. constraints describe requirements or limitations for the project.
l. major risks identify any risk that the sponsor thinks has a high likelihood of
occurrence or a high degree of potential impact.
m. approval requirements define the limits of authority of the project manager.
n. project manager identifies the person from the organization that is assigned as the
project manager.
o. reporting requirements state the frequency and content of project status reviews
and reports.
p. sponsor designee state who the sponsor designates to act on behalf of the project
sponsor.
q. approval signature and date indicate that the sponsor has officially or formally
authorized the project.

The project charter authorizes the project to go forward and provides the key conditions and parameters that are the framework for the project manager and the project team to develop a detailed baseline plan for performing the project.