Once the projects have been evaluated, the selection team would then need to make a decision about which projects to pursue. This decision should be based on a thorough analysis of the evaluation results and a clear understanding of the organization's strategic goals and resource constraints. After a project has been selected, it should be formally chartered. The project charter is a document that formally authorizes the project and provides a clear definition of what the project is, what it will achieve, who will be involved, and how it will be managed. The project charter is a critical tool for ensuring that everyone involved in the project has a clear understanding of its goals and parameters