The signing of the project portfolio statement signals the transition from the high-level project initiating stage into the more detailed project planning stage.
In contrast to the case that exists with a legal contract,the parties to a signed project charter are merely obligated to the spirit of the charter since specific details will certainly change.
A background statement is often added to a project charter to help stakeholders better understand the background behind the scope overview and business case.
A deliverable is any unique and verifiable product,result or capability to perform a service that is required to be produced to complete a process,phase,or project.
Assumptions identified in the project charter include events that,if they occur,will have either a positive or a negative effect on a project's objectives
Risks,assumptions and constraints are included in the project charter so that key participants will be aware of what could prevent them from successfully completing the project.
At the time the project charter is prepared there is typically a very general understanding of the project,so if a budget is included it can only be a rough estimate.