Project Charter Matrix

What is the Project Charter Matrix?

A visual explanation is shown in the image above. The Project Charter Matrix can be described as a matrix with the following quadrants:

1. Objectives: Defines the primary goals and objectives of the project. Example: 'Increase market share by 10% within the next fiscal year.'
2. Stakeholders: Identifies key stakeholders involved in the project. Example: 'Marketing team, Product development team, Key customers.'
3. Deliverables: Lists the tangible and intangible outputs expected from the project. Example: 'New product prototype, Marketing campaign materials.'
4. Constraints: Outlines limitations and constraints impacting the project. Example: 'Budget of $500,000, Completion deadline of December 31.'

What is the purpose of the Project Charter Matrix?

The Project Charter Matrix is a versatile tool in project management that helps teams and stakeholders to visualize and organize the critical elements of a project. This matrix is divided into four quadrants, each representing a different aspect of the project. By categorizing information into these quadrants, project managers can ensure that all essential components are considered and addressed.

Quadrant 1: Objectives
This quadrant focuses on the primary goals and objectives of the project. It answers the 'what' and 'why' questions, providing a clear understanding of what the project aims to achieve and the reasons behind it. For example, an entry in this quadrant could be 'Increase market share by 10% within the next fiscal year.'

Quadrant 2: Stakeholders
This quadrant identifies all the key stakeholders involved in the project. It includes internal team members, external partners, and any other parties who have an interest or influence in the project's outcome. An example entry could be 'Marketing team, Product development team, Key customers.'

Quadrant 3: Deliverables
This quadrant lists the tangible and intangible outputs that the project is expected to produce. It helps in setting clear expectations and ensures that all necessary deliverables are accounted for. An example entry could be 'New product prototype, Marketing campaign materials.'

Quadrant 4: Constraints
This quadrant outlines the limitations and constraints that the project must operate within. These can include budgetary limits, time constraints, resource availability, and any other factors that could impact the project's execution. An example entry could be 'Budget of $500,000, Completion deadline of December 31.'

Using the Project Charter Matrix, project managers can create a structured and comprehensive overview of the project, facilitating better planning, communication, and execution.

Want to try this template?

What templates are related to Project Charter Matrix?

The following templates can also be categorized as business, project management and are therefore related to Project Charter Matrix: Product-Market Matrix, 4 Ps Marketing Mix Matrix, AI Capability-Value Proposition Alignment Matrix, AI Innovation-Value Alignment Matrix, AI Maturity Matrix, AI-Value Proposition Alignment Matrix, AI-Value Proposition Matrix, AIDA Marketing Matrix. You can browse them using the menu above.

How can I use Project Charter Matrix in Priority Matrix?

You can get Project Charter Matrix in your Priority Matrix in just a moment:

1. Click to sign in or create an account in the system
2. Start adding your items to the matrix
3. If you prefer it, download Priority Matrix and take your data with you

Learn more about Project Charter Matrix, and get free access to lots of other templates, at templates.app. Once you are comfortable with the document, you can easily export to Excel, if you prefer to work that way.

If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.