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What is the purpose of a project charter?
1 To formally authorize a project or a phase and document initial requirements
which satisfy the stakeholder’s needs and expectations.
2 To document how the project will be planned, executed, monitored/controlled, and closed.
3 To link the project, which is going to be planned, executed, and monitored/controlled to the ongoing work of the organization.
4 To describe the process of performing the work defined in the project management plan in order to achieve the project’s objectives.
What is #1