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Develop Project Charter (4.1 Ref PMBOK 4 th Edition)

Develop Project Charter (4.1 Ref PMBOK 4 th Edition). Develop Project Charter: Inputs. Project Statement of Work: A narrative description of products to be delivered. It references (a) Business case (b) Product scope description (c) Strategic plan. Business Case:

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Develop Project Charter (4.1 Ref PMBOK 4 th Edition)

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  1. Develop Project Charter (4.1 Ref PMBOK 4th Edition)

  2. Develop Project Charter: Inputs • Project Statement of Work: • A narrative description of products to be delivered. • It references (a) Business case (b) Product scope description (c) Strategic plan. • Business Case: • It is created as a result of one or more of the following: • Market demand • Organizational need (e.g, creating a new business line) • Customer request • Technological advance • Legal requirements • Ecological impacts • Social need (e.g, welfare projects)

  3. Expert Judgment • Expert judgment is often used to assess the inputs used to develop the project charter. • It is applied to any technical and management details during this process. • It is provided by any group or individual with specialized knowledge or training such as: • Other units within the organization • Consultants • Stakeholders, including customers or sponsors • Professional and technical associations • Subject matter experts • Project management office (PMO)

  4. What is a Project Charter? • Project charter is issued by the Project Sponsor • Benefits of Project Charter: • Formally recognizes (authorizes) the existence of the project, or establishes the project. • Gives the project manager authority to spend money and commit corporate resources. • Provides the high-level requirements for the project. • Links the project to the ongoing work of the organization.

  5. Project Charter Exercise . . .

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