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Chapter 5 – The Project Charter

Part 1


Back in his office John is already waiting for him. Dr. Rogers informed John that the meeting was rescheduled and that he now has time to work out the project charter. "Now that we created the project file, maybe we can work out the project charter." Dr. Rogers says, as he pushes aside the documents on his desk. "You see, there are three main objectives to keep in mind when you are planning and controlling a project. The project deliverable, the project duration and the project costs." He takes the pen and starts to take notes.

Illustration of the main project objectives "deliverable", "duration" and "costs".

"To give the project the right orientation, we have to weigh up the objectives against each other. What should have the highest priority?" asked Dr. Rogers. "Mhh, I think the project costs should be first priority – the cheaper the project, the bigger the margin." answered John. "So, what if the medication fails at some point and people get sick instead of being cured? Wouldn't that be a financial and personal disaster?" Dr. Rogers replies and thinks of the many times in history of modern medicine, when newly developed drugs caused more damage than really helping the people. In other words, the project deliverable - the quality - has to be the top priority.

"Based on my experience, it would only be possible to speculate about the precise time of project close-out. So?" he continues asking.

"Of course!" John says, "Lowest priority to project completion and second-lowest priority to budget adherence."