Are your projects running behind schedule and over budget, or have they been victimized by estimates that simply were not put through rigorous challenges and reviews? A Project Charter is the blueprint to connect a solution to a problem the company is facing and the directly impacted stakeholders. The problem can be anything from competitive differentiation, stagnating or declining revenue, increasing operating costs or non-compliance with a regulatory body.
Unless there is Upfront Accountability when the costs, benefits, and timelines are agreed upon, most of the assumptions and the source of the “pixie dust” used to come up with those estimates are forgotten when the realities and constraints of project execution set in.
Ready to approve one of your critical projects? Here’s a checklist to make sure you’ve covered all your bases.