Write a narrative charter statement for a project
Narrative Charter Statement (13 Points)
Description and Directions
Develop a narrative charter that includes the following sections:
a. Project purpose or justification – A good project purpose or justification statement explains why this project is important and why resources should be spent on this project. What critical problem will this project solve or what will be different when this project is completed and why is that important?
b. Measurable project objectives and related success criteria – What will the project accomplish. Be as clear as possible and include qualitative and quantitative information. List the objectives (have a minimum of three) and how that objective will be measured. For example:
c. High-level requirements – This describes in broad terms what you want the project to do or to provide. You need to provide at least three of these. For example, the marketing campaign will remind existing customers as to why they should remain loyal to our brand and entice new customers to experience our brand.
d. Assumptions and constraints – At the start of most projects there are already some assumptions and expectations. For example the campaign must launch on August 15, 2015 and the campaign will cost no more than $50k. In order to accomplish this, certain assumptions may have been made, for example all marketing materials will be produced in-house in order to keep costs down.
e. High-level risks – Identify at least three risks or opportunities that are known from the onset of the project.
f. Summary milestone schedule – Provide at least four project milestones that will be used to mark project progress.
g. Summary budget – Provide known budget amounts. This may change later when estimating occurs, but at the project begins, what are the expectations.
If you are uncertain as to how to complete any of the above sections of the charter, either review your optional textbooks, Guide to the Project Management Body of Knowledge, The Fast Forward MBA in Project Management, your previous course materials and feel free to reach out to your classmates using one of the discussion forums created just for this purpose.
Grading Rubric for Peer Review
a. Project purpose or justification – This section is worth 2 points. Acceptable scores are 0, 1 or 2.
0 – A score of 0 is to be given if and only if this section is completely missing.
1 – A score of 1 is to be given if it cannot be ascertained by reading the section either why this project is important, or what problem the project will solve or what will be different when the project has completed OR both.
2 – A score of 2 is to be given if it can be understood why the project is important and what problem the project will solve or what will be different when the project completes.
b. Measurable project objectives and related success criteria – This section is worth 2 points. Acceptable scores are 0, 1 or 2.
0 – A score of 0 is to be given if and only if this section is completely missing
1 – A score of 1 is to be given if less than 3 objectives are listed and/or each objective does not have at least 1 success criteria.
2 – A score of 2 is to be given if at least 3 objectives are listed and each objective has at least 1 success criteria.
c. High-level requirements – This section is worth 2 points. Acceptable scores are 0, 1 or 2.
0 – A score of 0 is to be given if this section is missing.
1 – A score of 1 is to be given if there are less than 3 requirements provided.
2 – A score of 2 is to be given if there are at least 3 clear requirements documented.
d. Assumptions and constraints – This section is worth 1 point. Acceptable scores are 0, 1 and 2.
0 – A score of 0 is to be given if this section is missing.
1 – A score of 1 is to be given if this section contains 1 assumption or constraint.
2 – A score of 2 is to be given if this section contains more than 1 assumptions or constraints.
e. High-level risks – This section is worth 1 point. Acceptable scores are 0, 1 and 2.
0 – A score of 0 is to be given if this section is missing.
1 – A score of 1 is to be given if this section contains 1 or 2 risks.
2 – A score of 2 is to be given if this section contains 3 or more risks.
f. Summary milestone schedule. This section is worth 1 point. Acceptable scores are 0, 1 and 2.
0 – A score of 0 is to be given if this section is missing.
1 – A score of 1 is to be given if this section contains between 1 to 3 milestones.
2 – A score of 2 is to be given if this section contains 4 or more milestones.
g. Summary budget – This section is worth 1 point. Acceptable scores are 0 and 1.
0 – A score of 0 is to be given if this section is missing.
1 – A score of 1 is to be given if a budget is provided.
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