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 Risk assumptions and constraints....................................................................................3
A.5 Resource estimate............................................................................................................4
A.6 Stakeholders....................................................................................................................4
A.7 Team operating principles...............................................................................................4
A.8 Lessons learned...............................................................................................................4
A.9 Charter signatures............................................................................................................5
Part B: Practical example of a charter........................................................................................5
B.1 Letter to sponsor..............................................................................................................5
B.2 Project scope....................................................................................................................5
B.3 Business case...................................................................................................................6
B.4 Milestone schedule and deliverables...............................................................................6
B.5 Risk assumptions and Constraints...................................................................................8
B.6 Resource estimate............................................................................................................9
B.7 Stakeholder register.......................................................................................................10
B.8 Team operating principles.............................................................................................12
B.9 Lessons learned.............................................................................................................12
B.10 Charter Signature.........................................................................................................12
Bibliography.............................................................................................................................14

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PROJECT MANAGEMENT
Part A: Theoretical explanation of each project element
A.1 Project scope
Project scope is considered as one of the part of project planning that generally helps
in determining as well as documenting different types of project goals, deliverables, tasks,
costs as well as deadlines of the project (Badewi 2016).
A.2 Business case
The business case is one of the document that generally helps in facilitating a
decision for starting a new project, feature enchantment or for a major product development.
It generally contains different types of information that are generally required for the business
in order to make proper decisions (Carvalho and Rabechini Junior 2015)
A.3 Milestone schedule and deliverables
The milestone schedule generally includes all the project activities as well as interim
steps that are generally required for the purpose of project implementation. The schedule of
the project must include milestones for the planning, development as well as construction of
various types’ project reports.
Deliverables is considered as one of the project management term that is utilized for
the quantifiable goods as well as services that will be provided for the successful completion
of the project (Conforto et al. 2016).
A.4 Risk assumptions and constraints
Risk assumption is considered as one of the legal theory that helps in reflecting that a
person generally knew that a situation is dangerous but voluntarily entered within the
situation by knowing the risks.

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PROJECT MANAGEMENT
Project constraint is defined as one of the project restriction that helps in defining the
limitation as well as scope of the project that are generally known as the triple constraint of
the project (De Carvalho et al. 2015).
A.5 Resource estimate
Resource estimation is considered as one of the procedure that is used by the project
team for successfully compiling the different list of resources that are generally required in
order to complete the project tasks.
A.6 Stakeholders
A stakeholder can be a person, group or an organization that generally has proper
interest or concern within an organization. It is found that the stakeholders are generally
affected by the action, policies as well as objective of the organization. (Hornstein 2015).
Some of the key stakeholders generally include creditors, directors, government, unions as
well as suppliers that draws the business resources.
A.7 Team operating principles
Team operating principles are generally defined as the rules that are generally
followed by the project team in minimizing the conflicts and for building trust. It is quite
necessary for the project team to follow proper team operating principles in order to manage
the work of the team effectively (Kaiser, El Arbi and Ahlemann 2015).
A.8 Lessons learned
Lessons learned means the various types of learning that are achieved by performing
the work of the project. Proper learnings from the project generally helps in reflecting on the
project experiences as well as on the experiences of others.