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A project charter helps in uniting all internal and external stakeholders by providing a common purpose and clear expectations. It outlines the project's goals, scope, technical requirements, risks, constraints, assumptions, and dependencies. This comprehensive information serves as the source of truth that all stakeholders can refer to, ensuring everyone is on the same page and adheres to the plan. It essentially acts as the project's 'elevator pitch', succinctly conveying its objectives and expectations.
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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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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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