What Exactly Is A Project Charter?
Every project is implemented for satisfying a business need. These unique business needs are specified in the project charter along with information about new business opportunities and business threats that the organization might have to face in the near future due to increased competition. The charter also contains detailed information about the type of features that are to be included in the product or service being designed. Detailed explanation is also given about how the customers will benefit from the newly introduced features. What Is A Problem Statement? Also included in the charter is the ‘problem statement’, which provides detailed information, related to the essentialities of the project. It allows project managers to ascertain the overall scope of the project and determine the roles and responsibilities of the related stakeholders. If the project is complex, the problem statement lays stress on breaking down the whole project into smaller manageable subprojects that are ea