Clarifies the budget and ensures proper funding is available.Helps the team determine the value of the project before things get underway.When done correctly, a project charter can lead to many benefits. On the other hand, a project timeline is a much more detailed document that describes when objectives will be completed.Ī project timeline is a detailed schedule that highlights all of the tasks involved, a deadline for each, the milestones the team should hit along the way, and when the entire project can be considered complete.Ī project charter will come first, and the timeline will come later. On one hand, a project charter is a high-level document that should only be a few pages (at most!) and that includes details like the vision, scope, and responsibilities. The difference comes down to the details. When outlining a project charter, you should understand how it differs from a project timeline.
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Try Fellow for free Differences between project charters and project timelines Having a project charter is a necessary step in planning a project and will set the project up for success from the very beginning. Even though it’s a short document, the project charter may provide links to relevant sources and more detailed documentation.
A project charter is sometimes referred to as a project definition report or project statement.Īs a crucial step in project management, the charter will authorize the project, serve as a baseline and single source of truth throughout the project, give everyone involved a shared understanding of the same information, and be considered as a contract that holds participants responsible for their portion of the work.
This document will include details like the objectives, the project scope, how the project will be carried out, who the key stakeholders are, and who is responsible for which action item. A project charter is a comprehensive, detailed, formal, and short document that outlines your project from start to finish.
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