When the project sponsor signs off on a project charter, her signature signifies the decision to move forward with the next step of the project—project planning. This approval suggests a willingness to invest the time and resources necessary to plan the project in detail, bring on a project team, and position the team to execute the project’s detailed plans.

A project without a good plan is like a ship adrift in a foggy sea: There is little sense of direction. The opportunity for getting off course greatly increases. Good planning saves time and money, and it significantly increases a project’s chances for success.

Get The IT Project Management Answer Book now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.