CAPM Practice: Determine how to follow and execute planned strategies or frameworks

The project charter formally authorizes the project's existence and grants the project manager the authority to use organizational resources. It is a key initiation document that establishes the project's legitimacy and the PM's role.

**Why not A:** The project charter does not establish the final budget or spending limits. While it may include a high-level budget estimate, detailed budgeting occurs during the planning phase. The charter's primary purpose is authorization, not financial planning.

**Why not B:** Risk identification and mitigation strategies are developed during project planning, not initiation. The project charter may mention known high-level risks, but documenting all risks and their strategies is not its primary purpose.

**Why not C:** Detailed task assignments are created during project planning and execution, not during initiation. The charter identifies the project manager and may reference key stakeholders, but it does not provide granular task-level assignments for the team.