What is one important characteristic of a project charter?

A project charter serves a critical role in project management as it offers project authorization. This means that the charter formally initiates the project and grants permission to begin work, making it an essential document for aligning stakeholders' expectations and defining the project's scope. By articulating the objectives, stakeholders, and general framework of the project, the charter establishes the foundation for the project and helps ensure that everyone involved is on the same page regarding the project's direction and purpose.

In this context, while providing a financial overview, including biographies of team members, or defining daily tasks for team members are important aspects of project management, they are not intrinsic to the core purpose of a project charter. These elements are typically covered in other project documents or management tools.