What does the project charter help determine about the project's worth?

The project charter is a crucial document in project management that outlines the project's objectives, scope, stakeholders, and high-level requirements. One of its significant roles is to establish a foundational understanding of the project's viability, especially in terms of its financial return on investment.

When assessing a project's worth, a key factor is the relationship between the benefits of the project and its costs. The project charter helps articulate the expected benefits, which should logically exceed the associated costs to ensure that the project is justifiable. This relationship is essential for stakeholders to ascertain whether the project is worth pursuing. Therefore, the statement that the project’s benefits should outweigh its costs aligns with the primary goal of ensuring the project's economic feasibility and justifying resource allocation.

In contrast, the other choices do not effectively represent the role of the project charter. Assuming that costs will always exceed benefits does not provide a sound basis for project approval and can lead to project failure or discouragement from stakeholders. Merely estimating benefits without the context of costs does not provide a comprehensive assessment of project worth. Lastly, stating that the project's worth is irrelevant if well-managed neglects the fundamental principle that a project must deliver more value than it consumes, irrespective of management quality.