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It is good for small-to-mid-scale projects.
Every project needs a project charter so the project team knows why this project matters, where the team is headed, and what the project objective is.
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Here you'll find a great collection of project charter templates in Word, Excel, ppt, and Pdf. Premium Project Management Templates Pack. » Project Charter. Teams use the charter to clarify the process issue being addressed, the reason for addressing it and what "success" looks like for those working on it.
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