A PROJECT CHARTER IS TOOL TO DEFINE THE NEED OF A PROJECT UPFRONT. IT IS USED TO DEFINE THE FOCUS, SCOPE DIRECTION AND MOTIVATION FOR A TEAM SCOPE
IT HAS SIX ELEMENTS:1. BUSINESS CASE2. PROBLEM STATEMENT3. GOAL STATEMENT4. PROJECT SCOPE5. PROJECT TEAM CHARTER6. MILESTONE
BUSINESS CASEBusiness case presents the reason for a particular project. It is a citation written for any project to get management's approval.
PROBLEM STATEMENTProblem statement explains the magnitude of the problem. In business case, there could be several issue highlighted. A single problem statement can help define the scope of the project.
GOAL STATEMENTThis define the expected result from the project in defined timeliness. A goal statement should be smart:S: SpecificM: MeasurementA: AttainableR: RelevantT: Timebound
PROJECT SCOPEScoping the project is important. Correct scoping can make or break the project
PROJECT TEAM CHARTERFor the success of a project, It is important to define a correct team in the beginning.
MILESTONEThis defines timeliness for different phases of the LSS project.
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