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.

Acceptance and Approval

Since the project charter serves as an agreement or contract between the project sponsor and project team, it may be necessary to have key stakeholders sign off on the project charter. By signing the document, the project stakeholder shows formal acceptance of the project and, therefore, gives the project manager and team the authority to carry out the project plan.