Individual Assignment: Project Charter

For a project manager, team member, or project sponsor, one of the first and most important project management concerns is a project charter. This short document serves as an informal contract between the project team and the sponsor (who represents both senior management of the organization and the outside customer, if there is one). From a behavioral perspective, the project charter reflects a common understanding and collaboration between the project sponsor and the project manager. Negotiation skills of the project manager also play an important role in developing the project charter. Since a charter is like a contract, it is helpful to remember what a contract is. First, it is an agreement entered into freely by two or more parties. Second, one party cannot arbitrarily change it. Third, there is something of value in it for each party. Finally, it is a living document that can evolve with changing conditions if both parties agree and receive something of value for making the change.

For this assignment, follow the below steps to complete your Project Charter:

1. Enter 1-4 sentences in each section.
2. Ensure to put forth the required effort into this document because it will provide the groundwork for future assignments.
3. Upload your completed Project Charter file to the "Individual Assignment: Project Charter" link above.