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Project Charter

V 2.0

Project Objectives

What are the cost, schedule, and quality objectives of this project? Your objective statement is likely to be the same or similar as in your project charter, based on any new knowledge. Here you might add goals for the project. Objectives can and often do look past the end for the project, such as an example of cutting costs in operations by 15%. It is highly possible that your project objective will have some subobjectives or goals. For example, the project objective for the software project might be as follows.

The objective of this project is to develop a new programming application for the payroll department that will interface with the existing Kronos system by 10/12/2014 at a budgeted cost of $50,000. The goals of the project include the following.

· Create a newly developed program that will be installed and tested by users.

· Install and load server hardware required for the application and database environment.

Project Assumptions

What are the assumptions on which the project is based? Project assumptions are those things we believe to be true without proof for planning purposes. For our software development, we might assume that users will be available to test when needed. We have no way to know this for sure during project planning; thus, it is an assumption for our project. You should have at least 15–20 assumptions.

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