Reverse Logistics
As Supply Chain Activities are evolving and partnering changes in business models, the focus and activities are not restricted to the management of raw materials and finished goods from point of origin from the vendors to plants and further on to the end customers. There is another extension to Supply Chain Process called as Reverse […]
Rework and Scope Management
Introduction This article is a follow up of the earlier one related to the project management processes for an automation tool. This tool is to be used for automating the processes of a maintenance project in a software company. Rework A rework can arise due to: Change in scope Quality of the deliverables not up […]
Why Indians Must Change Their Work Habits to Become World Class Professionals
Why Indian Professionals need to Change Their Work Habits In recent years, there has been much talk about how India is emerging as a global powerhouse and an engine for economic growth on a global scale. Indeed, with the liberalization of the Indian Economy in the 1990s and the subsequent waves of reform, there has […]
The Free Healthcare Debate
Healthcare has become outrageously expensive in most developed nations of the world. For instance, American citizens who do not have health insurance are relatively sure that they will not be able to meet their own healthcare costs. The same is the situation in many countries around the world. This has created a debate wherein healthcare […]
Business Intelligence – Architecture, Components and its Benefits
Introduction The current business environment is constantly evolving. The global economic scenario is providing opportunities as well as challenges. The factors affecting business environment are consumer needs, globalization, and government policies, etc. In such a business environment, organization basically has four action steps. The organization can be reactive, anticipative, adaptive, or/and proactive. For this, organization […]
A Project charter is a 5 to 6 page document which collects all the information that has been developed in the previous steps and puts it in a central location.
The Project charter serves as the constitution which governs the working of the project and disputes if any that may arise during the execution of the project.
The project charter is the final deliverable document that is required at the end of the first step of the Define Phase.
This document serves as a proof of the activities that have been performed up to this stage and the agreement that has been reached amongst the members of the team, the stakeholders as well as the management.
This charter is constantly used to see whether the project is doing what it was expected to do, within the time frame it was expected to do, so on and so forth. At the end of the project the actual benefits are compared with the forecasted benefits to declare the project a success or a failure. The Project Charter plays a vital role in the control of the project.
A Project charter usually has 5 - 6 elements. They can be more or less depending upon the nature of the project and its requirements. However the usual elements of most Six Sigma project charters are as follows:
The Project Charter must be stored in a shared location and must be accessible to all at any time. This is because this document and its interpretation is critical to ensuring that the project progresses in the right direction.
However, the Project Charter is like the Bible of the Project. Modifications must not be allowed under normal circumstances. However. If material information needs to be included or corrected in the project charter, then it must be done after due diligence and everyone must be informed about the change. This will ensure that all the people working on the project have the exact same information all the time.
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