Having highlighted the importance of project charters and following the previous blog which discussed why sometimes the project charter are left out, this blog will discuss what are the implications of not having a project charter and how it can affect the overall project success.
Implications of not having a Project Charter:
Referring to the main components of the project charters, the below developed tables will highlight the components of the project charters and will discuss the implications of not having these components developed, which will have the effect to the project.
Table 1: Implication of not having project charter “Definition” part
Table 2: Implication of not having project charter “Approach” part
Table 3: Implication of not having project charter “Project costs / budget” part
Table 4: Implication of not having project charter “Project Plan” part
The above analysis on the implications of not having the project charters is a clear message to any project sponsor to demand to issue such approach in any project. Spending time and efforts on developing the project charter is one the most valuable investment in each project. One key learning for me as a future leader to demand a comprehensive project charter to any project I will approve in the future.
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