Certified Professional Contract Manager (CPCM) 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 515

What does a project charter authorize?

The existence of a project and resource application

The project charter serves as a formal document that officially recognizes the existence of a project, thus providing both authority and direction for its initiation. It is essential for granting permission to allocate resources, which may include funding, personnel, and equipment necessary for the project's execution. By endorsing the project's purpose and establishing the framework within which the project will be executed, the project charter enables stakeholders to understand their roles and responsibilities while outlining the project's objectives.

While budgets, project teams, and timelines are critical components of project management, they are typically detailed in separate documents or plans that follow the approval of the project charter. The charter does not specifically authorize these elements but sets the foundational approval needed to proceed with planning and organizing these aspects.

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The budget for the project

The selection of the project team

The timeline for project completion

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