What is the primary purpose of the Project Charter in project management?
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To list all the project activities and assign them to project team members
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To provide the project manager with the authority to apply organizational resources to project activities and formally authorize the existence of a project
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To calculate the total cost and schedule of the project for budget approval
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To outline the specific steps for the project execution and control
The Project Charter formally authorizes the existence of a project and provides the project manager with the authority to allocate organizational resources to project activities. It serves as a direct link between the project and the strategic objectives of the organization, creating a formal record of the project and demonstrating the organization's commitment.
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