MANAGEMENT

Detailed explanation-1: -A project charter names the project manager and defines the authority of the project manager. It gives the project manager the power to utilize organizational resources to accomplish the project objectives.

Detailed explanation-2: -In most cases, the project charter is written by the project manager. However, there is one more key player in preparing this document-the sponsor. The sponsor is the main initiator and supporter of the project. This is usually a high role executive that sees real value and purpose for the project to go through.

Detailed explanation-3: -Who should approve the charter? Typically the Project Sponsor approves the charter by signing it (or indicating approval digitally). There may be multiple sponsors, particularly if this is a major project that requires heavy involvement from more than one department.

Detailed explanation-4: -Project approval requirements (i.e, What constitutes project success, who decides the project is successful, and who signs off on the project) Assigned Project manager, responsibility, and authority level. Name and authority of the sponsor or another person (s) authorizing the project charter.