Project charter: The project charter is a formal document that authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. It defines the project objectives, scope, stakeholders, and overall approach.
It outlines the project's objectives, purpose, scope, stakeholders, and high-level project requirements. By developing a business case, the project charter provides a rationale for the project's existence, demonstrating its value to the organization and helping stakeholders understand the project's importance and expected benefits.
Business case is usually done before the project charter is created and is used to justify the project's initiation. Although the business case may be referenced in the project charter, it is not the primary goal of the charter itself.
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