What is a project charter, and why is it considered an essential tool for successful project management? What are the key elements that should be included in a project charter, and why are they important? How can a well-crafted project charter help ensure stakeholder buy-in and project success? How does the process of creating a project charter align with project initiation and planning phases? What are the most common challenges that project managers face when developing a project charter, and how can these be overcome? How does a project charter differ from a project plan, and why is it important to create both documents for a successful project? How can a project charter help a project manager anticipate and mitigate potential risks and challenges throughout the project lifecycle? How can a project charter be used to manage scope and change requests during a project? What are the benefits of regularly reviewing and updating a project charter throughout a project's lifecycle? What are some best practices for creating and implementing a project charter that maximizes the likelihood of project success