The Importance Of A Project Environment

Register to read the introduction… A project charter is a document started by the person who wants to begin a new project. A project charter is developed to define the scope of a project and to give detail on what all will be associated with the project. It can also contain such information as to who the project initiator is, who will be in charge of managing the project and each person in charge of the different phases of a project. It can also cover the time frame of the project by showing how much time it will take to complete the project. It’ll also project the budget and everything that will be considered for the completion of each task. Finally, it appoints a project manager and their duties as well as the person who gave approval for the project to be completed. (Project Management Institute. Inc., 2008)

Project Environment

The project environment has many factors such as cultural, social and physical environments. These factors would relate to the project because it would be opening a new restaurant clothing store in an area where several others are, but due to the type of clothing store, it would be the only of its kind in the area which will greatly stand out in a positive way. Other stores in the area can’t compete against my prices, nor carry the amount of products in stock like my store will. The key to my business is, “location, location,