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A project charter is crucial in sticking to the project plan as it serves as a reference point for all stakeholders. It outlines the project's goals, scope, technical requirements, risks, constraints, assumptions, and dependencies. This comprehensive information sets expectations and provides a common understanding for everyone involved. It acts as the 'source of truth' that keeps all stakeholders grounded and aligned with the project plan. This alignment helps in avoiding deviations and ensures that everyone is working towards the same objectives, thereby aiding in successful project execution.
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Have you ever wanted to run a project like Elon Musk? What about the ability to predict a project’s success like a financial analyst at Goldman Sachs?...
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To apply the concept of first principles to your own projects, you can use a project charter to unite all internal and external stakeholders around a common purpose. A project charter is not only the "elevator pitch" for your project's goals but outlines the scope of the project as well as its technical requirements, risks, constraints, assumptions and dependencies. These core principles of a project set expectations as the project develops, and can be used as the source of truth that grounds all stakeholders to stick to the plan.
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