What is a key function of the project charter?

The key function of the project charter is to formally authorize the project. This document serves as a foundational agreement that outlines the objectives, scope, stakeholders, and major milestones of the project. By formally authorizing the project, the charter grants the project manager the authority to allocate resources and proceed with planning and execution. This authorization is crucial as it communicates to stakeholders that the project has been vetted and approved, establishing a clear framework for decision-making and accountability throughout the project lifecycle.

The project charter does not typically compile feedback, document every meeting, or analyze project success. These activities are more aligned with different phases or documentation within project management. Documenting feedback and analysis would occur later during project execution or evaluation, whereas the project charter acts as the initial guiding document to set the project in motion.