Project Management

Running head: PROJECT MANAGEMENT
Project management
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
Part A: Theoretical explanation of each project element.................................................................3
A.1 Project scope.........................................................................................................................3
A.2 Business case........................................................................................................................3
A.3 Milestone schedule and deliverables....................................................................................3
A.4 Resources estimate................................................................................................................3
A.5 Stakeholders..........................................................................................................................3
A.6 Team operating principles....................................................................................................4
A.7 Lessons learned.....................................................................................................................4
A.8 Charter signature...................................................................................................................4
Part B: Practical example of a charter.............................................................................................4
B.1 Letter to sponsor....................................................................................................................4
B.2 Project scope.........................................................................................................................4
B.3 Business case.........................................................................................................................4
B.4 Milestone schedule and deliverables.....................................................................................5
B.5 Risk assumptions and constraints.........................................................................................6
B.6 Resources estimate................................................................................................................6
B.7 Stakeholders register.............................................................................................................7
B.8 Team operating principles.....................................................................................................9
B.9 Lessons learned.....................................................................................................................9
B.10 Charter signature...............................................................................................................10
Bibliography..................................................................................................................................11

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PROJECT MANAGEMENT
Part A: Theoretical explanation of each project element
A.1 Project scope
Project scope is one of the significant part of project planning which helps in
determining as well as documenting the different deliverables, costs, project goals as well as
deadlines of the project (Too, Le and Yap 2017).
A.2 Business case
Business case is one of the document that helps in providing proper justification related
with the project that is generally dependent on the estimated cost of development against the
different types of risks and anticipated business related benefits.
A.3 Milestone schedule and deliverables
The project milestone mainly includes all the activities of the project that are considered
toe significant for the execution of the project successfully (Preston et al. 2016).
Deliverables of the project are generally considered as the tangible action or item that
needs to be delivered within the project.
A.4 Resources estimate
Resource estimate is defined as one of the procedure which is utilized by the project team
for listing the resources that are generally required for the completion of the project.
A.5 Stakeholders
Project stakeholders are generally defined as an important entity that generally have
proper interest on a project. The stakeholders are generally categorized into external and internal
project stakeholders (Voinov et al. 2016).

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PROJECT MANAGEMENT
A.6 Team operating principles
Team operating principles mainly includes fundamental norms, rules as well as values
that are general present for determining the rightfulness or wrongfulness of the entire actions
A.7 Lessons learned
Lessons learned is generally the learning that is generally gained from the process of
performing the entire project successfully (Levy, Goldberg and Dagan 2015).
A.8 Charter signature
The charter signature helps in reflecting that the entire project work is completed
successfully as per the project objectives that is made before initiating the project.
Part B: Practical example of a charter
B.1 Letter to sponsor
To CEO,
Insurance Company,
This is to bring into your kind consideration, that the lease of our company is going to end and
the owner of the company is not taking any initiative to renew the premise but asked to vacate
the office within 2 months of time. As the office will be moved to a new suburb area therefore a
project plan is created and as per the plan budget of around $100,000 is needed for moving the
office within very much little disruption. Kindly, provide the needed budget.
Thanking you,
(Project manager)