1. Definition
1.1. An official written acknowledgement and recognition that a project exists.
1.1.1. It's signed by the project sponsor and gives the project manager authority to assign organizational resources to the work of the project
2. Steps
2.1. Identifying the project
2.2. Validating the project
2.3. Developing a project charter and obtain approval of the project charter
3. Key Elements
3.1. (Using Laundry Service as case study)
3.1.1. Objectives
3.1.1.1. SMART: specific, measurable, achievable, realistic and time bound.
3.1.2. Scope
3.1.2.1. How the project should achieve and what will be included to achieve the project's goals
3.1.3. Business Case
3.1.3.1. Identifies the business need for doing a project
3.1.4. Deliverables
3.1.4.1. The relationship that defines the order in which tasks are carried out.
3.1.5. Milestones
3.1.5.1. Marker in a project that signifies a change or stage in development
3.1.6. Cost Estimation
3.1.6.1. The process of approximating the total expenditure of the project
3.1.7. Stakeholders
3.1.7.1. They are the person or entity within or outside of the project with a specific key interest in that project
3.1.8. Constraints
3.1.8.1. Something that limits your options.
3.1.9. Risk
3.1.9.1. A potential issue that may or may not happen in a project