The Project Charter provides the business goals, objectives, and management direction for starting the project in the Initiation phase. It sets project expectations and processes to ensure agreement on the project approach. It outlines the project objectives, identifies the main stakeholders, and identifies the authority of the project manager.

The Project Charter provides a high level single-page overview of a project for review by executive management. The document ensures that everyone involved in the project is aware of its purpose and objectives.

The Following sections are provided in the document:

  Business Case
  Opportunity Statement
  Business Goal
  Project Scope
        In-scope processes
        Out-of-scope processes
  Project Team
  Stakeholders
  Project Milestones (by yearly quarter)
  Projected costs.

Scroll down to the IT Project Charter example below.