This part of the project charter outlines the current state, impact, and desired state?

The Opportunity Statement is designed to highlight the current state of a situation, articulate the impact of not addressing this situation, and outline the desired state that the project aims to achieve. By defining these elements, the Opportunity Statement serves as a foundational backdrop that drives the project forward. It focuses on identifying gaps between where the organization currently stands and where it aspires to be, thus framing the project in a way that emphasizes the value and necessity of the proposed changes.

This approach is critical in project management as it allows stakeholders to understand the urgency and rationale behind the project, making it easier to garner support and resources. In contrast, other options like the Scope Statement, Project Purpose, and Objective Statement serve different functions in project documentation. The Scope Statement focuses on defining the boundaries of the project, the Project Purpose describes the overall aim in broad terms, and the Objective Statement articulates specific measurable goals, but none encapsulates the current state, impact, and desired outcomes quite like the Opportunity Statement does.