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Develop Project Charter

The process of creating a project charter that officially launches the project and empowers the project manager to commit organizational resources to project work.

Key Points

  • Produces the project charter, which authorizes the project at a high level.
  • Typically initiated and approved by a sponsor; approval grants PM authority.
  • Occurs in the Initiating process group; may repeat at phase gates.
  • Relies on the business case and agreements; expert judgment and facilitation are common tools; an assumptions log is started.

Example

A company plans to roll out a new CRM system. The sales VP sponsors the effort. The project manager works with key stakeholders to draft the charter covering the purpose, high-level scope, major milestones, budget ceiling, key risks, and success criteria. After the sponsor signs the charter, the PM is authorized to engage teams and use funds to begin planning.

PMP Example Question

Which process formally authorizes a project and gives the project manager the authority to use organizational resources?

  1. Develop Project Charter
  2. Develop Project Management Plan
  3. Direct and Manage Project Work
  4. Identify Stakeholders

Correct Answer: A — Develop Project Charter

Explanation: Develop Project Charter creates the charter, which authorizes the project and empowers the project manager to apply organizational resources.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



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