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Discussion and responses (Initiating the project)

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According to Kloppenborg, Anantatmula & Wells (2019), a project charter is referred to as an informal contract entered between a team of a project and the sponsor of the same project. In a contract, two or more parties are involved freely, and each party benefits from it. Also, contract documentation can evolve with the changing conditions that may occur. Moreover, a project charter serves crucial roles to the project team; for instance, this charter authorizes the project managers to proceed with the operations. Secondly, it helps in the development of common understanding amongst the parties involved. Thirdly, it leads to the creation of commitments of resources to projects and finally screening out the poor projects.
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