PROJECT CHARTER

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Project Title: Sample Project Charter

Project Sponsor: Allen Barton (AGM – PD) Date Prepared: 2/1/2020
Project Manager: Julie Smith Project Customer: Internal Use
Project Purpose:
The project purpose is to develop a new platform vehicle XXX for our new range of vehicles
planned for market launch by December 2023.
High-Level Project Description:
The platform vehicle will house our new engine, suspension and chassis design. The design
of vehicles shall be modular so that multiple variants can be generated. The platform variants
will comply with the market need laid out in the quality function deployment.
Project Boundaries:
The project aims to reduce weight and cost as per targets from the existing range of vehicles.
Thus the project needs to have newly designed structural parts and vehicle aggregates.
However, the project shall not add new hardware part numbers.
Key Deliverables:
1. Vehicle having XX tons of gross vehicle weight with YY tons of load-carrying capacity
2. BS6 compliant
3. Air suspension
4. XX miles per liter (kilometers per liter)
High-Level Requirements:
1. Complete modular design (verified by designers of variants)
2. Compliant with new O-series engine (tested using 15 prototypes for 1.2 lakh
kilometers each)
Overall Project Risk:
1. Failure to meet key customer requirements, such as load-carrying capacity and miles
per liter (kilometers per liter)
2. Changes in customer requirements before vehicle is launched in the market
3. Competitor’s product is superior to the specifications finalized at initiation phase
Summary Milestones Success Criteria
Scope:
Launch of XXX as per finalized specification Achieve 80% of the finalized technical
specifications. Mandatory KMPL, load-
carrying capacity specifications
Time:
Vehicle Launch December 2023
Cost:
USD XX million Actual cost within 110% of budget
Other:
Modularity Serves as platform for 19 variants
Project Objectives Due Date
Phase 1: Design 5/30/2020
Phase 2: Design Verification 10/30/2020
Phase 3: Sourcing 3/30/2021
Phase 4: Component & System Validation 1/30/2022
Phase 5: Prototype Manufacturing 9/30/2022
Phase 6: Prototype Testing 3/30/2023
Phase 7: Pilot Production 9/30/2023
 Preapproved Financial Resources:
Financial resources are approved by Board on 1/2020 and agreed as per document
XXX_Cashflow dated 02-Oct-2019
Stakeholder Role
General Manager—Product Development Design and engineering of the product
General Manager—Strategic Sourcing Castings, major aggregates
General Manager—Engine Development Engine design and coordination with engine
aggregates supplier
General Manager—Plant Prototype manufacturing
General Manager—Testing Testing of components, systems, vehicle
and regulatory approvals
General Manager—Marketing Feedback on market changes and validity of
the agreed technical specifications
Project Exit Criteria:
When the project ETC is 130% of budget
When the product volumes are no longer valid subject to market conditions
Project Manager Authority Level:
Staffing Decisions:
In consultation with GM of respective functions
Budget Management and Variance:
Budgeted value for the project is $XX million. This includes a 3% contingency reserve.
Budget is based on detailed estimation of roll-up costs as given in the approved document
Project Budget Rev. 12 dated 01-Mar. And adverse variance of up to 1.4% can be approved
by project manager.
Technical Decisions:
In consultation with GM—Product Development
Conflict Resolution:
Handles first level of project conflict resolution
Participates in second level of project conflict resolution
Refers third and fourth level of project conflict resolution to GM—Project Management
Sponsor Authority:
1. Schedule and budget control
2. Technical requirements in consultation with GM—Product Development and GM—
Marketing
Approvals:

Project Manager Signature Sponsor or Originator Signature

Project Manager Name Sponsor or Originator Name

Date: Date:

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