(Solved Homework): Complete the below question for PRM-516 in essay format style. Please use APA formatting and…

Complete the below question for PRM-516 in essay format style. Please use APA formatting and approximately 500 words. Thoroughly respond to each question and provide evidence to defend and/or support your response and please cite 1 scholarly reference/source.

​Describe and explain the specific components of a project charter. Explain why the project charter is critically important to ensuring the successful completion of a project. Compare and contrast the specific stakeholder demands which must be integrated into the project charter in order to ensure that the correct product or service is delivered in the administrative project closing process.

Don't use plagiarized sources. Get Your Custom Essay on
(Solved Homework): Complete the below question for PRM-516 in essay format style. Please use APA formatting and…
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay

Expert Answer

Answer 1:

Project charter is the basic requirement for recognizing the purpose of project and its scope. It is the foundation layer of the project. Regardless of the size of the project, charter is required for providing definition and detailed information for better understanding of scope, schedule and cost of project. In their book “Project Management for Experienced Project Managers”, authors Victor Allen and Ron May; have described major components of project charter, brief description of these components is as follows:

  • Project Description: It describes the reason for doing the project in one or two paragraphs.
  • Project Goals: It is the broad statement of what one wishes to accomplish by the means of certain project. While determining goals of the project it is to be ensured that goals are not mutually exclusive, conflict with other goals, too easy to achieve or too difficult to achieve.
  • Project Objectives: It is the list of specified and measurable objectives approximately six to twelve that project is to achieve. Objectives should clearly and specifically identify that what, when and how the specified target should be achieved.
  • Project Scope: It clearly defines the work of the project, its outcomes, characteristics and deliverables. It is the most powerful component of project charter, the only condition is that the sub-contents must be clearly and specifically explained.
  • Project Deliverables: Deliverables defined at project charter should be high level rather than documents, components, modules or functionality. Project schedule is the right place for these detailed deliverables.
  • Project Constraints: While executing the project, those things that can hold the project or restrict the choices are covered under this section of project charter. Budget and schedule are the most common constrains. While preparing the list of constrains one should be careful of imposing artificial constrains that dot really exists.
  • Project Assumptions: This section include the things that are considered real or true for the duration of the project regardless of the fact that these things are real or not. These are the rules of engagement for accomplishing the scope established earlier.
  • Critical Success Factors: For the success of the project these things are necessary. In absence of these factors the project is sure to fail.
  • High level project schedule: It is a summarized schedule that include work breakdown structure and Gantt chart. It provides the key stakeholders with the sense of security that the project manager has thought this through.
  • Project Risks: It includes the list of key risks for the project. These are determined by extensive risk analysis.
  • Project Cost: Depending on the project duration this section include the summary of capital and expense items by year, quarter or month.

Answer 2:

Project charter is critically important because it is the foundation layer of the project. Everything that takes place during the project should be mentioned in project charter. It is the guiding light of the project, during the sate of confusion that where the project is heading the project charter is referred.

It doubles authorization mechanism for senior management. At times it is the formal approval for beginning the project as well as visible symbol of what everyone has agreed on. It acts as the initial communication to all stakeholders defining scope, schedule and cost of the project.

Answer 3:

As the stakeholders are the most important parties in every project, their demand should be valued and should be added in project charter. The specific stakeholder demands that must be integrated into the project charter in order to ensure that the correct product or service is delivered in the administrative project closing process might include the identification of customers, sponsors, users etc., bulletize their objectives and interests on separate page with a review that stakeholders achievement will be achieved.

For this mapping stake holders interest and communicating these interest proactively is recommended.

Homework Ocean
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

× Contact Live Agents