Description
The project charter is formally accepted and approved by the project sponsor and other designated stakeholders. Formal approval acknowledges the completion, review and acceptance of all the deliverables produced during the Initiate Stage.   

Signatures on the project charter document mark final approval of the charter, which is the go-forward agreement.

Rationale/Purpose
An approved and signed charter is a commitment to dedicate the required time and resources for the project and ushers in the Plan Stage.

Who is involved
Project Manager
Project Sponsor
Project Stakeholders

Result
A finalized and approved project charter can be viewed as a deliverable in itself.