-Discuss how these charters would be different

CASE STUDY Are all project Charters born equal? Congratulations! You have just been assigned to two major projects. Both projects are very important for the company, and you, as a senior project manager, is expected to deliver the projects on- time, and on-budget. One the projects, relates to a new software product that will use artificial intelligence (AI) to provide a better customer experience for users of the help line of a major bank. The president of the company is personally involved in this project given its political importance. To ensure the project can reach its goals, the president approved 100% of the business case that defined an investment of CAD 3 million and that the project will be developed by the company's software development partner in India. This is the first time this partner will be used in a major project, and it also will be your first projects to be delivered by an offshore company. By giving the project to the Indian partner, the president also wants to strengthen the partnership between your company and that software developer. The other project has been a problematic one for the company. Eight months ago, your direct boss presented to the board of directors, a business case requesting CAD 800 thousand to improve the engineering processes within the company that would lead to significant improvements in operational efficiencies across several departments. After many other presentations and discussions, the business case was finally approved last week but with only 80% of the requested budget Now you need to start to compose the project charters for both projects. When examining the core needs, risks, objectives, and outcomes, your realized that the project charters for the projects will differ significantly in many aspects