Final answer:
The Project Charter serves two basic functions: outlining the project's objectives, scope, deliverables, and stakeholders, and providing the project manager with the authority to allocate resources and make decisions.
Step-by-step explanation:
The Project Charter serves two basic functions:
- It outlines the project's objectives, scope, deliverables, and stakeholders.
- It provides the project manager with the authority to allocate resources and make decisions.
For example, a project charter for a construction project would define the project's goal, timeline, budget, and the responsibilities of the project team members. It would also grant the project manager the authority to approve design changes and allocate additional funds if necessary.