BADM 634 Initiating The Project Research ✓ Solved

BADM 634 Initiating the Project Research Project

Develop a research paper on the project charter process. Follow this outline:

PART 1: INTRODUCTION

1) Open the essay with an introduction section describing a project charter.

2) Summarize why a project charter is critical to project management success.

PART 2: PROJECT CHARTER LITERATURE REVIEW

1.) Define Project Charter (per PMBOK 6th Edition and course text book).

2.) List the various elements of a project charter and why each is used (i.e. title, scope overview, business case, background, etc.).

3.) Explain in-depth the following key components of the project charter: project vision, objectives, scope, project risk planning, assumptions, constraints and organization and implementation plan.

PART 3: CONCLUSION

1.) What critical take-aways in the development process of a project charter would you incorporate into the role of a Project Manager?

2.) Highlight specific components of the project charter that may be most critical to the overall success of the entire project plan.

3.) Discuss preferred methods for stakeholder engagement throughout the project charter process and into project planning.

1) Prepare your report in APA format.

2) Literature Review should utilize outside sources substantially. A literature review is a comprehensive narrative on the most recent scholarly work on a certain subject. Therefore, seven (7) to ten (10) scholarly or professional journal articles should be utilized for this section. Other sources (websites, blogs, dictionaries, etc.) may be used in support but do not count toward this total. Also, the sources need to be current research which means contemporary sources (no more than ten years old).

3) Paper must be typed, double-spaced, 12-point font, 10-12 pages. (Page count does not include title page or reference pages)

4) Properly cite all sources referenced and include a reference section.

5) Proofread the document carefully before submission!

Paper For Above Instructions

Introduction to Project Charters

A project charter is a formal document that authorizes the commencement of a project. It serves as a foundational reference throughout the project lifecycle, providing clarity and a shared understanding among stakeholders (PMI, 2017). The project charter outlines the project’s objectives, scope, key stakeholders, and purpose. Without a well-defined project charter, projects may falter due to a lack of direction and alignment among team members (Blanchard, 2019).

Importance of the Project Charter

The project charter is critical to project management success as it establishes the project framework within which all activities need to be conducted. First and foremost, it enables project managers to secure stakeholder commitment, aligning members towards common goals (Kerzner, 2018). Secondly, the charter assists in setting clear, measurable objectives, significantly aiding in project monitoring and evaluation. A comprehensive project charter enhances communication and minimizes conflicts by clarifying roles and expectations (Schwalbe, 2019).

Project Charter Literature Review

Definition of Project Charter

According to the PMBOK 6th Edition, a project charter is a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. It includes information such as project objectives, high-level requirements, and the relevant stakeholders (PMI, 2017).

Elements of a Project Charter

Several key elements constitute a project charter, which includes:

• Title: Provides a simple identification of the project.
• Scope Overview: Defines the boundaries of the project; what is included and what is not.
• Business Case: Justifies the need for the project.
• Background: Sets the context for the project.

Key Components of the Project Charter

Key components of the project charter are critical for its success:

• Project Vision: Describes the desired outcome of the project.
• Objectives: Specific outcomes that the project seeks to achieve.
• Scope: Details on the deliverables and the project boundaries.
• Risk Planning: Identifies possible risks and their impact on project objectives.
• Assumptions: Factors considered to be true for the project planning.
• Constraints: Limitations or restrictions that impact the project.

Conclusion

Takeaways for Project Managers

In developing a project charter, project managers learn the importance of involving stakeholders early in the process, ensuring their needs and expectations are captured (Barker, 2020). Engaging stakeholders can lead to successful project outcomes and ensure that there is broad support for project goals.

Critical Components for Success

Particularly, project vision and clear objectives are paramount. They create a roadmap that guides the project and informs decision-making (Kerzner, 2018). Additionally, effective risk planning is essential for anticipating potential challenges and preparing appropriate responses.

Stakeholder Engagement Methods

Preferred methods for engaging stakeholders during the project charter process include regular meetings, surveys, and collaborative workshops. These methods ensure that stakeholders feel involved and valued, fostering positive relationships that contribute to overall project support (Freeman, 2017).

References

• Barker, K. (2020). The Stakeholder Engagement Handbook. New York: Business Expert Press.
• Blanchard, M. (2019). The Importance of Project Charters in Project Management. Project Management Journal.
• Freeman, R. E. (2017). Strategic Management: A Stakeholder Approach. Cambridge: Cambridge University Press.
• Kerzner, H. (2018). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. Hoboken: Wiley.
• PMI. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th ed.). Newtown Square, PA: Project Management Institute.
• Schwalbe, K. (2019). Information Technology Project Management. Boston: Cengage Learning.