Answer to Question 1
A project charter is a source document that contains all of the deliverable or objectives that the project is seeking to deliver. Risks, opportunities, prerequisites, assumptions, and the communications plan are also part of a project charter. A project charter is a good tool for settling differences in opinion.
A project charter should spell out the following:
1. Why. A brief background of the project (i.e., the result of a strategic review) and the business objectives to be achieved.
2. What. A description of the nonfinancial benefits to flow from the project and a list of the key outputs to be produced.
3. When. A list of the milestones and expected timing (a high-level project plan).
4. Who. A definition of the project team and an analysis of the stakeholders of the project and their expectations.
5. How. A definition of the work that needs to be undertaken to achieve the project, its scope, and specific exclusions. This definition also needs to address how much the project is expected to cost (a detailed financial breakdown) and expected benefit
Answer to Question 2
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Project Management: Achieving Competitive Advantage
Project Management: Achieving Competitive Advantage, 5th Edition