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A Project Charter lists the main goals of a project as well as a detailed plan for how to attain those goals. This detailed plan involves identifying the relevant stakeholders and determining the roles and responsibilities of each individual involved with the project. A Project Charter is beneficial because it can be created for an existing or future project, making it a useful project management tool. Project Charters are effective presentation tools for upper-level management, organizational clients, or potential investors and can be used as an accountability mechanism that ensures each member of the project team is doing their job and has a shared understanding of the project.
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