A project charter is also called a Team Charter

A project charter is also called a Team Charter. This term is used mostly as a politically correct term since any project will involve a team. A Team charter should contain elements that can be understood in a snapshot. Team Charters should only be high-level analysis. The details should come later at the details part of the project.A Team Charter should have a business case. This should explain why the project should be done. A business case should present to the top management the need for the project. This should MBT Sawa Shoes, clearly explain what will happen if the project is not prioritized and what will happen if the project were successfully implemented.Next, the Team charter should present the Problem Statement. The problem should be clearly defined in this part. The pain point of the company and how it impacts the business should be clearly stated. The costs and revenue loss should be shown here in a snapshot type of calculation. Ideally, the cost or business revenue loss should be translated in a per annum figure since majority of businesses do an annual review to check if the business did grow or not.After the Problem Statement, project management training indicates that the participant should learn how to come up with a Goal Statement. This should clearly emphasize what it is that the team needs to achieve. The Goal Statement should have goals that are measurable in nature such as price, percent, number, etc. There is no point MBT Tataga,stating a goal that cannot be quantified.Lastly, Operational Definition should be defined. This means there has to be clear and concise definition of what is being targeted and how a defect is measured or identified. For example, any product that has a blemish is a defect.After these things are learned, the participant can move on to the actual project tactics or approaches. Team Charter is just a chunk of the big pie of project management training.