What document is typically created to launch a project?

The correct answer is the Project Charter, as it serves as a foundational document that officially authorizes a project. The Project Charter outlines the project objectives, purpose, and scope while also defining the stakeholders involved, their roles, and the resources required. It's essential for setting the direction of the project, providing an overview of what the project aims to achieve, and establishing a formal start, making it critical in the project management lifecycle.

In contrast, a Bill of Materials is typically used for detailing the components required for a project, allowing for better organization of materials but not formally launching the project itself. A Work Breakdown Structure is also important as it breaks the project into smaller, manageable components, but it usually comes after the Project Charter has been established. The Budget outlines the financial aspects and costs of the project, but it is derived from the objectives and scope defined in the Project Charter. Therefore, the Project Charter is the essential document that initiates a project and establishes its basic framework.