project charter refers to a statement of objectives in a project this

Project Charter refers to a statement of objectives in a project. This statement also sets out detailed project goals, roles and responsibilities, identifies the main stakeholders, and the level of authority of a project manager. It acts as a guideline for future projects as well as an important material in the organization’s knowledge management system.
You have been asked to develop a Project Charter for an upcoming project by your companys top management. Your Project Charter shall include but are not limited to the following:
Project Background
Problem Statement
Project Objectives & Goals
Project Schedule/Milestone
Risks involved with the project
Project Costing and Budget
Stakeholders roles and responsibilities of the participants involved
Informed and effective communication plan

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