- It is a written document issued by the project iniciator or sponsor.
- It authorizes/approves the existance of a project.
- It also provides the project manager with the authority to apply organizational resources to project activities.
- It contains the high level information of the project, such as objective, product, service ect.
- The project releted information will be written in brief.
The main parts are as followings:
1. Key stakeholder list
2. Preapproved financial resources.
3. Overall project risk.
4. Project approval requirments.
5. Project exit criteria.
6. Assigner project manager responsibility and authority level.
7. Name and authority of project sponsors.
8. Summary mileston schedule.
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