Project charter is one of the type of short document which basically describe about the main objective of the given project and it also include all the duties, role and the main goal of the project.
The project charter is helps in providing the main aim of the project so that it helps in understanding the important key factors of the project to the project manager.
According to the given question, the project charter is one of the informal type document contract between the project sponsor and the project team. Therefore, Option (B) is correct answer.
