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Project Charter BOSCORD Definition:- A project charter is a formal document mostly from Top Management that authorizes the project managers to execute a particular project. It officially states that they can work with their team to utilize company resources, such as people, technology and finances, to complete the project, from start to finish. BOSCARD offers a structured approach to define and plan a project. It helps as a tool used to give terms of reference when defining a project management frame work. It is not entirely clear where this tool originated. Some believe the model originated from cap Gemini the 1980s. Elements of Projector Charter A. Business Case: Explains why this project is needs to be done now. B. Opportunity Statement or Problem Statement: Explains the opportunity or the problem currently faced, where do we stand. C. Goal Statement: Defines deliverable of the project D. Project Scope: Defines the project scope. E. Define Budget: Decides if this project is really needed or it will be like speeding 1000$ for 30$ gain. F. Project Plan: Timeline for all the phases of the project to be completed G. Team Selection: Team members are defined and responsibilities assigned. BOSCARD stands for: a. Background :- Tell about the history of the problem b. Objectives :- Goal of this project (SMART) c. Scope :- Borders of the project d. Constraints :- Limitation or restrictions (Budget / Timeline) e. Assumptions :- Consideration of Key resources (Supplier), Technical Feasibility. f. Risks :- Technical, Resource, Planning, Critical part. g. Deliverables :- SOP / Reports / Tangible / Non Tangible. It provides clarity to everyone especially Top Management about what is expected as output to be accomplished. It establishes expectations to stakeholders and ensures everyone will be working towards the same goal. Used in defining essential terms for reference (Who, why, what, where, when, How)

While a project charter is traditinally accepted form of accepting a project with stakeholder roles and the problem/goal statement, BOSCARD is more practical way of looking at things from agility angle. In a similar way to Project Charter, BOSCARD also defines background and objectives including the scope. However , BOSCARD also evaluates the constraints, Risks, Assumptions and Deliverables which is more like a RAID log in agile world and more realistic and practical. The biggest problem with project charter is the practical application becomes difficult because of not covering the assumptions, risk and Issues in a specific manner but is embedded in various headers. In my opinion BOSCARD covers end to end details to a project with all the parties involved and spends more time in attention to details.this is a next gen way of working style.