Project charters provide formal authorization to project managers to implement and manage projects. Basic elements, including the project title, scope and objectives, budgeting and support from other organizations, ensure that project participants and stakeholders understand the purpose and objectives of the project.
Measurable project objectives address the organization’s goals and name specific objectives that support those goals. The purpose is to organize the work into logical, measurable steps. This includes defining the project manager's extent of authority and accountability. The project charter provides a point of reference to follow the performance and progress of the project. The document details changes to expect at the end of the project.