Initiation of the Project
There are several ways that a project may come into existence. A project comes into existence with the creation of the project charter. The project charter is a formal document that brings the project into existence. The project charter is a small document but one that is extremely important to getting a project started in the right direction.
The essential components of the project charter are simple. First, it formally authorizes the project to begin and names the project manager. This is usually done by creating some sort of account that will allow costs to be accumulated for this project. It will also contain a brief business case showing the justification for the project.
The project charter is written ...