What is the project charter?
The project charter is the first document that exists in the project. It causes the project to come into existence. The project charter names the project and briefly describes it. It names the project manager and causes a cost account to be opened to capture the cost of the project. Once these essential things have been done, work on the project can proceed. The project charter should be written by the project manager, but it must be issued under the signature of someone above the project manager who has the authority to make project assignments.
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The essential parts of the project charter are the naming of the project and the project manager and the creation of one or more cost accounts for ...