The Initiation Phase of a Project is the first stage in the project lifecycle, characterized by its focus on establishing the scope and objectives of the project. It involves the gathering of requirements, the identification of any necessary resources, and creating a high-level plan outlining key milestones and timeline estimates. This phase also includes stakeholder involvement to ensure that all appropriate parties are aware of the project’s scope and goals. Ultimately, successful initiation allows for the creation of a project charter, which clearly outlines expectations for the project moving forward.