Pay attention to the components that make up the project charter. MOV stands for Measurable Organizational Value and is a key component in developing the business case.
Terminology
Many IT projects use certain terms or acronyms that may be unfamiliar to many people. Therefore, to reduce complexity and confusion, it may be useful to include a glossary giving the meaning of terms and acronyms, allowing all the project's stakeholders to use a common language. Figure 3.3 provides a template for a project charter. Feel free to adapt this template as needed.
Figure 3.3 Project Charter Template
Project Name or Identification
Project Stakeholders
- Names
- Titles or roles
- Phone numbers
- E-mail addresses
Project Description
- Background
- Description of the challenge or opportunity
- Overview of the desired impact
Measurable Organizational Value (MOV)
- Statement or table format
Project Scope
- What will be included in the scope of this project
- What will be considered outside the scope of this project
Project Schedule Summary
- Project start date
- Project end date
- Timeline of project phases and milestones
- Project reviews and review dates
Project Budget Summary
- Total project budget
- Budget broken down by phase
Quality Issues
- Specific quality requirements
Resources Required
- People
- Technology
- Facilities
- Other
- Resources to be provided
- Resource
- Name of resource provider
- Date to be provided
Assumptions and Risks
- Assumptions used to develop estimates
- Key risks, probability of occurrence, and impact
- Constraints
- Dependencies on other projects or areas within or outside the organization
- Assessment project's impact on the organization
- Outstanding issues
Project Administration
- Communications plan
- Scope management plan
- Quality management plan
- Change management plan
- Human resources plan
- Implementation and project closure plan
Acceptance and Approval
- Names, signatures, and dates for approval
References
Terminology or Glossary
Appendices (as required)