Review the Project Audit Results
Key Question: How complete is the project charter? Does it have all the necessary components with a sufficient level of detail?
"The project charter is the defining document for the entire project. It should represent a snapshot of the project's logical scope, expected deliverables, cost, schedule and affected organizations. In the previous chapter, we gave a list of sections that should be included in a good project charter. With runaway projects, you will find various degrees of completeness with respect to project charters. In the worst case scenario you will not find a project charter at all. If you find there is no project charter, you should assemble the project management team (the project sponsor, project manager and application architect) and construct a new charter. By creating the charter you will get great insight to the necessity of the project. Getting concurrence on the scope, budget and schedule and then documenting these items will bring the project back into focus. Often, runaway projects no longer look like their original intention. Verifying today's project with the originally funded project will help people understand why the project got away."
"If the project charter does exist but in varying levels of detail, you should again have the project management team come together to complete the missing or deficient sections so you can get a clear consensus of the project's logical scope, expected deliverables, cost, schedule and affected organizations. By completing the charter you will receive the same benefits as you do when creating a charter. In either case, you are closer to making a critical decision - let the project continue or pull the plug."
The above is an excerpt from a book written by Sanjiv Purba and
Joseph Zucchero, published by McGraw-Hill/Osborne, 2100 Powell Street,
10th Floor, Emeryville, California 94608 U.S.A. Sanjiv has over 20
years of experience managing large projects and many years engaged in
rescuing ailing projects.