Project Chartering Lift off planning This documentâs value is in the lift off session [5] where stakeholders, team members, product owners, scrum masters and project managers will create or consolidate the project chartering: purpose of the project, alignment of the team around the project and context of the project.
DEFINITION of 'Itemized Deduction'. A deduction from a taxpayer's taxable adjusted gross income that is made up of deductions for money spent on certain goods and services throughout the year.
An itemized deduction allows the taxpayer to select expenses from a set list, where items can be added on for deduction depending on what they qualify for. Deductions are also divided into âabove the lineâ and âbelow the lineâ.