Which process in project integration management creates a formal record of the project and shows the organizational commitment to the project?

The process of developing the project charter is critical for formally recognizing a project and establishing organizational commitment. When the project charter is created, it serves as an official document that outlines the project's objectives, scope, and stakeholders. It acts as an agreement among stakeholders and provides the project manager with the authority to allocate resources and initiate project activities.

This document is essential because it not only formally starts the project but also aligns the stakeholders and provides a clear direction for the project. It is typically sponsored by the organization's higher management, which indicates their commitment to the project and ensures that everyone involved understands the project's purpose and importance. Therefore, developing the project charter is the crucial first step in project integration management, establishing the foundation upon which the entire project is built.