The Project Charter is a pre-requisite for a project. The Project Charter brings together key team members through a structured process to identify the project requirements, to set expectations, uncover hidden issues and misunderstandings, and lay the foundation for a successful project by developing agreed-upon objectives, tasks, schedules, and project requirements.
|Project Charter's Key Elements
1. Business case:
Describe the important business objectives of the project in a way that is quantitative and measurable. These could include revenue increase, cost savings, return on investment, or target release dates.
2: Project scope: Describe the project scope. The scope defines project limits and identifies the products and/or services delivered by the project. The scope establishes the boundaries of the project and should describe products and/or services that are outside of the project scope.
3: Problem Statement: A problem statement contains following
What- What object have the defect ? What is the defect?
Where- Where is the defect observed? Where on the object ?
Period- Over what period has the deg\fect been observed ? What is the history?
How Much - How many bject have the defects? How many defects on each objects ?
Standard not met - What is the standard that we fail to meet?
4: Define project metrics: Measureful is useful for business and process managemnents. Define these three metrics in detail.
Primary Metric- Used to measure process performence, focus on specific features of prodect or service, It should include -baseline data, Target performance, Actual performance
Consequential Metrics- Metrics to measure possible unintended consequences of process change
Financial Matrics- Measue the impact by the imporvement in the primary metric
5: Project goals and Objectives: Describe the business goals and objectives of the project. Refine the goals and objectives stated in the Business Case. Questions to be asked like - What is entitlement? What is Opportunity of improvement ? How quickly this improvement can be obtained ? Use SMART strategy for define it more objectively.
6: Milestones: List the projectís major milestones and deliverables and the planned completion dates for delivery. This list should reflect products and/or services delivered to the end user as well as the delivery of key project management or other project-related work products.
7: Roles and Responsibilities: Enumerate the known resources that management is willing to commit to the project at this time. Human resources include key individuals, teams, organizations, subcontractors or vendors, and support functions.Identify skills needed before choosing individuals. Summarize roles and responsibilities for the project team and stakeholders identified in the project structure above.
8: Constraints: Identify known project constraints, such as products to be reused, components to be acquired, interfaces to other projects or products, or technologies to be employed. Describe the priorities among the projectís features, quality objectives, schedule, staff, and budget.
9: Charter revision history: Identify document changes in team composition and milestones.
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