Project Charter Matrix

The Project Charter Matrix is a 2x2 matrix used to evaluate the viability of a project. It helps to identify the risks, resources, and rewards associated with the project.

At a very high level, the Project Charter Matrix is used in the context of business, project management.

Project Charter Matrix quadrant descriptions, including examples
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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. Feasibility: Evaluate the potential success of the project, considering factors such as the availability of resources, timeline, and budget.
  2. Resources: Assess the resources needed to complete the project, including both human and material resources.
  3. Risks: Identify potential risks associated with the project, including both external and internal risks.
  4. Rewards: Identify the potential rewards associated with the project, including both tangible and intangible rewards.

What is the purpose of the Project Charter Matrix?

The Project Charter Matrix is a 2x2 matrix used to evaluate the viability of a project. It helps to identify the risks, resources, and rewards associated with the project. It is used to assess the potential success of a project before committing to it. The matrix consists of four quadrants that represent the four aspects of a project: feasibility, resources, risks, and rewards.

The top-left quadrant is labeled 'Feasibility', and it is used to evaluate the potential success of the project. Factors such as the availability of resources, the timeline, and the budget should be considered when assessing the feasibility of a project. The top-right quadrant is labeled 'Resources', and it is used to assess the resources needed to complete the project. This includes both human and material resources. The bottom-left quadrant is labeled 'Risks', and it is used to identify potential risks associated with the project. This includes both external and internal risks. The bottom-right quadrant is labeled 'Rewards', and it is used to identify the potential rewards associated with the project. This includes both tangible and intangible rewards.

The Project Charter Matrix is a useful tool for project managers to assess the viability of a project before committing to it. It can help to identify potential risks, resources, and rewards associated with the project, and can help to ensure that the project is successful.


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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: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, PICK Matrix, Quadrant Analysis, Risk Analysis Matrix. You can browse them using the menu above.

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