PMP® Exam Prep Online, PMP Tutorial 15 | Initiating Process Group | Develop Project Charter | Learn about ITTOs = Input, Tools and Techniques and Output. Develop Project Charter is the process of developing a document that formally authorizes the existence of a
project and provides the project manager with the authority to apply organizational resources to project activities.
The key benefit of this process is a well-defined project start and project boundaries, creation of a formal record of
the project, and a direct way for senior management to formally accept and commit to the project.