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.

Question

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The project charter is usually prepared in the early stages of a project when there is limited information about project scope, requirements, timeframes, and resources. Therefore, the budget included in the project charter is likely to be a rough estimate based on incomplete or unclear project information.

At the Time the Project Charter Is Prepared There Is