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Why is a Project Charter important?
It maps the cost vs. benefit ratio and describes detailed financial plans of the intended project.
It is not important.
It is a formality that is used in antiquated business practices.
It gives the Project Manager authority to start a project and outlines the project objectives.
A Project Charter is a document which formally authorizes a project or phase of a project. It documents initial requirements that must be met to satisfy the stakeholders' needs and expectations.
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