PMI-SP Exam - Topic 6 Question 104 Discussion

The project charter is an input to the identify stakeholder process. It provides information about the

internal and external parties concerned

and is affected by the project.

The project charter is the document that formally authorizes a project. The project charter provides

the project manager with the authority to

apply organizational resources to project activities. According to PMBOK Guide, the project charter

should address the following information:

Requirements that satisfy customer, sponsor, and other stakeholder needs, wants and expectations

Business needs, high-level project description, or product requirements that the project is

undertaken to address

Project purpose or justification

Assigned Project Manager and authority level

Summary milestone schedule

Stakeholder influences

Functional organizations and their participation

Organizational, environmental and external assumptions

Organizational, environmental and external constraints

Business case justifying the project, including return on investment

Summary budget

If required, it also authorizes the next project phase, and updates the charter. The project manager

should always be assigned prior to the

start of planning, and preferably while the project charter is being developed.

Answer option A is incorrect. Expert judgment is a technique based on a set of criteria that has been

acquired in a specific knowledge area or

product area. It is obtained when the project manager or project team requires specialized

knowledge that they do not possess. Expert

judgment involves people most familiar with the work of creating estimates. Preferably, the project

team member who will be doing the task

should complete the estimates. Expert judgment is applied when performing administrative closure

activities, and experts should ensure the

project or phase closure is performed to the appropriate standards.

Answer option C is incorrect. Stakeholder analysis is the identification of stakeholder needs, wants

and expectations. It involves the

documentation, prioritization, and quantification of the needs to help define the project scope.

Stakeholders' interests may be positively or

negatively affected by execution or completion of the project and they may also exert influence over

the project and its deliverables.

Answer option D is incorrect. The stakeholder register is a project management document that

contains a list of the stakeholders associated

with the project. It assesses how they are involved in the project and identifies what role they play in

the organization. The information in this

document can be very perceptive and is meant for limited exchange only. It also contains relevant

information about the stakeholders, such as

their requirements, expectations, and influence on the project.