PROJECT CHARTER¶

In order to draw up the project charter with the main project stakeholders, the project objectives must first be defined. The three main objectives are performance, time and cost. However, qualitative and quantitative results and process objectives should also be considered: The most important process objective is the satisfaction of the main stakeholders.

The project brief should include the following:

Project performance objective [5]
What problem should be solved at the end of the project? What is the reason for your project? What do you want to achieve by the end of the project?

Project time objective
When will the project start and when will the performance objective be achieved? Have you remembered to allow for float time? Milestones should also be defined.

Project cost objective [6]
How much money will have been spent by the end of the project? Does that include contingency funds?

Prioritising objectives [7]
Which objective has priority A: quality, time or cost compliance? Which things have subordinate priority?

Project cost centre
If the project is an internal one, a project cost centre is set up as the basis for reliable cost management (cost budgeting, cost monitoring).

Project release
Now, the customer can release the project, which means that you are able to plan, implement and finalise it.

If change requests arise, change management can be directly reflected in the performance, schedule and cost targets and the consequences of the change can be shown.