Developing the Project Charter and Baseline Project Plan

Pay attention to the components that make up the project charter. MOV stands for Measurable Organizational Value and is a key component in developing the business case.

What Should Be in a Project Charter?

The framework for a project charter should be based on the project management knowledge areas. Although the formality and depth of developing a project charter will most likely depend on the size and complexity of the project, the fundamental project management and product-development processes and areas should be addressed and included for all projects. This section presents an overview of the typical areas that may go into a project charter; however, organizations and project managers should adapt the project charter based on best practices, experience, and the project itself.