Explain the use project charter.

Managers are often advised to use project charter for managing purposes. Please explain the main uses and advantages associated with project charter.
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The project charter is used to provide the high-level project requirements and high level product description of the project so that detailed product requirements can be developed. Source: http://in.docsity.com/en-docs/Project_Charter_Project_Management_In_Engineering-Lecture_Slides_
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