Construction Project Charter For this project charter example, let’s imagine a construction firm that’s going through the initiation phase of a residential construction project, more specifically an apartment complex. Project Information Company: Acme Construction Co Project Name: Luxury Apartments at York Project Description: The project consists of the construction of a luxury apartment complex, featuring three types of floor plans going from 800 to 1,350 square feet Roles & Responsibilities Lead Architect: Helena Johnson Lead Engineer: Samuel Weiss Construction Project Manager: Frederick Terry Cost Estimator: Danielle DuPont Project Administrator: Luke Robinson Site Supervisor: David Rosenthal Project Vision and Objectives Project Vision: Completion on time, within budget, to exploit housing needs in the area. Project Objectives: 1. Hire construction crew members as needed, 2. Procure any materials or equipment as needed, 3. Transport materials and equipment to the construction site as instructed by the construction project manager and site supervisor, 4. Fill out daily construction reports to monitor the performance of the construction team. Business Case The district is ripe for housing. Recent mixed-use construction has produced popular retail and restaurants. The area is lacking in luxury residential housing for the moneyed class which has increasingly made this part of the city a destination. Attached is supporting research, demographics, etc. Project Scope The construction project will be built as per the construction drawings, specifications and other documents such as the construction plan and construction schedule. Project Timeline The project is expected to start by the last quarter of the year and be completed between 12-16 months. Project Budget The project budget is $15 million, based on the number of units and their square footage, as specified in the construction drawings, architectural designs and computer-assisted designs (CAD) models. The project budgeting process was completed thanks to a cross-functional effort by the architecture, engineering and cost estimation team. Project Assumptions It’s assumed that no act of God such as earthquakes, tornados or hurricanes will cause the project to stop. It’s assumed that the equipment will be in optimal conditions so that the construction phase will be completed normally. It’s assumed that there are enough construction crew employees to complete the project. It’s assumed that construction subcontractors will complete their work on time. Project Constraints The project shall not take longer than 18 months. If the construction team is running behind schedule, additional subcontractors might be hired without exceeding the project budget. The project has a budget of $15 million that must be monitored by the construction project manager. This project budget already contemplates a contingency fund in case there are over-costs, so it should not be exceeded for any reason. Project Risks The following risks might affect this project: Unexpected increases in material costs Unavailability of project resources such as labour, materials and equipment due to external factors Damage or theft of company equipment Natural disasters Project Requirements and Success Criteria The quality, safety standards, success criteria and other requirements for this project are explained in the construction drawings and construction specification documents. These include but are not limited to the quality of materials, skills required from the construction crew, environmental compliance standards and building codes.