Complete the below question for PRM-516 in essay format style. Please use APA formatting and approximately 500 words. Thoroughly respond to each question and provide evidence to defend and/or support your response and please cite 1 scholarly reference/source.
?Describe and explain the specific components of a project charter. Explain why the project charter is critically important to ensuring the successful completion of a project. Compare and contrast the specific stakeholder demands which must be integrated into the project charter in order to ensure that the correct product or service is delivered in the administrative project closing process.