|“Part of project planning is to create a project charter, which defines the project. The project charter is the agreement between the business and IT for [developing the BI application]. If any component of the project charter changes, the entire project has to be reevaluated and the entire project charter has to be renegotiated. — Shaku Atre” —|
Today’s WhatIs.com Word of the Day is project charter. It’s one of those project management terms that can be used to describe documents with very different structures depending on the business culture, but two things remains consistent whether it’s a one page sign-off from the CEO or a twenty-page document put together by the project management office (PMO) — (1) the charter is the written agreement that authorizes a project and (2) it’s not a living document.