The Project Charter is the first and most important document for project initiation because it contains the necessary high-level information such as the following:
1. Project Sponsor & Stakeholders
2. Statement of Work (Scope)
3. Business Case
4. Agreements
5. Schedule (Timeline)
6. Budget
7. Risks
8. Assumptions
Ultimately, the Project Charter formally authorizes the initiation of the project (through Project Sponsor) and gives the Project Manager the authority to use allocated resources and carry out planned project activities.
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