The correct answer would be option B, understanding the detailed project schedule.
The project charter should help the project team and the sponsor to develop a common understanding of what the project is all about except understanding the detailed project schedule.
Explanation:
A Project Charter is a term usually used in the Project Management. It is also called as the Project Statement or Project Definition.
A Project Charter basically consists of a statement which defines the scope of the project, objectives of the project and the participants that would be involved in the running and completion of that project.
A project Charter is a very important statement, as it gives an insight into to overall objectives and scope of the project and also tells us that who are going to do the project.
Project team and the Project sponsor have a knowledge about the scope, objectives and the participants of the project but they are not aware of the schedule of the project. They do not have the detailed schedule of the project. They might have the precise copy of the schedule but they do not have the detailed one.
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