Assignment # $1-30$ Marks availableSubject: Project CharterIndividual Student AssignmentYou MUST use one of the approved scenarios provided by the instructor for this term. Anything else submitted will not be graded and receive a mark of ZeroCreate a Project Charter for your selected scenario from the list provided by the Instructor. You may use one of the provided templates as a guide but this must be modified to only include the sections identified below. Including other sections not listed below will results in marks deduction. In this assignment you are thinking as the Project Sponsor, NOT the Project Manager. Information will be at a high level only, not detailed.Only include the following sections:Clearly identify the Project Customer $($real person, name, title and name of organization$)$Clearly identify the Project Sponsor $($real person, name, title and name of organization$)$Project overview description $($copy from scenario$)$Purpose of the Project $-$Importance of the project to the Sponsor & Customer High$-$level requirements project key deliverables. $($copy from scenario$)$ Project approval requirements how is project success determined and by whom $($who signs off if deliverable$/$project complete$)$ Project exit criteria how to determine if and when each project phase has been successfully completedKey stakeholders list $($top $4)$Identify Project Manager and their key responsibilities in this projectProject Cost $($Budget$)$ total $ $($one high level number only$)$ Summary milestone schedule schedule $4-5$ key datesProject Risks $($top $4)$Signatures section on last page of the charter