Project Charter, Scope Statement, and Lifecycle Analysis Report

This project report examines the significance of project charters, scope statements, and project lifecycles. The assignment begins by highlighting the crucial role of a project charter in initiating a project, assigning responsibilities, and aligning with organizational strategies. It then explores the importance of the scope statement in defining project boundaries, managing resources, and ensuring team alignment. Furthermore, the report compares project phases and lifecycles, emphasizing how project phases have their own lifecycles and contribute to overall project deliverables. The report also includes references to support the arguments presented.

Project management 1
Student’s Name
Professor
Date

Project management 2
Importance of A Project Charter
A project charter officially commences the start of a project or a given phase within the project.
It is an official document that authorizes the project’s existence and is used for future reference.
It is used to provide direction and purpose to the project management from the start of the project
until the end. It also names and gives responsibility to various individuals that will be involved in
the running of the project (Sanghera, 2019). Starting from the project sponsors to ordinary
workers. Through the project charter, the project executives can find value in the project and
determine how the project is aligned with the overall organizational strategies.
Purpose of the Scope Statement
The project scope statement is beneficial in outlining the overall project deliverables and help in
the identification of the assumptions, constraints, and critical success factors in the project. It is
useful in defining the boundaries of the project. Understanding the project scope statement
amongst the team members will help in the optimal management of activity time and project
resources (Joslin 2019). Failure to which will lead to variance in the time and resource
requirements of the project despite the best efforts of the team to execute the project.
The Similarity of Project Group Phases and Life Cycle
Project life cycle gives meaning to the whole project from the start to the end, highlighting the
flow and sequence of tasks, procedures, and operations that are to be accomplished to bring the
project to its ultimate conclusion. Although the methods, activities, and the process may be
initiated differently. The project phase is different in the sense that they have their lifecycle
defining the start and the end of each phase (Velasquez, 2019). In most of the projects, the life

Project management 3
phases and their distinctive life cycles can overlap with each other. A project phase is
characterized by meeting more or one of the project deliverables.

Project management 4
References
Joslin, R. (2019). Project Management Methodologies, Project Success, Project Governance,
Contingency Theory, Agency Theory, and Stewardship Theory. In Project Management
Methodologies, Governance and Success (pp. 17-30). Auerbach Publications.
Sanghera, P. (2019). Project Management Framework. In PMP® in Depth (pp. 3-43). Apress,
Berkeley, CA.
Velasquez, D. L. (2019). PROJECT MANAGEMENT LIFE CYCLE. Library Management 101:
A Practical Guide, 70.