Published: 08/24/2022

How to Successfully Use a Business Initiative Charter

Launching a new healthcare initiative? Discover how a Business Initiative Charter can align your team, define objectives, streamline communication, and drive project success from start to finish.

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A successful project starts with a clear plan and a business initiative charter provides the foundation. By outlining goals, timelines, roles, and expectations, a business initiative charter helps leadership teams align their vision, avoid costly missteps, and keep complex initiatives on track.

Table of Contents Hide

1. Article Highlights

2. What is a Business Initiative Charter?

3. When Do I Use This Type of Charter?

Article Highlights

A Business Initiative Charter (BIC) is a powerful tool to align teams, clarify goals, and secure leadership support for major projects.
A well-written charter outlines objectives, scope, timelines, and responsibilities, keeping healthcare initiatives focused and measurable.
Clear communication within the charter helps reduce misunderstandings, scope creep, and project delays.
Successful healthcare initiatives use charters to track progress, ensuring projects stay aligned with clinical, operational, and financial goals.
Consultant-led charters provide an outside perspective, helping healthcare organizations strengthen planning, governance, and execution.

What is a Business Initiative Charter?

The Business Initiative Charter Template is a simple, structured view for laying out the key elements of a business analysis or improvement initiative including scope, objectives, activities, deliverables, stakeholders, measures of success, and critical success factors. These elements and structures are easily customized to suit the needs of the business environment or project.

Why Should I Use It?

Clarifying and agreeing on the scope, mandate, and work to be delivered by a business initiative is a critical first step to ensuring success. This template is simple, clear, proven, and customizable facilitating the efficient and effective definition of any business improvement initiative.

When Do I Use This Type of Charter?

This should be used at the beginning of a project to clearly outline the scope, objectives, and work required for delivery. The template can be used with the project team members to ensure alignment and the “job to be done” and can also be used with project sponsorship or other stakeholders to seek buy-in and endorsement.

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