Initiation in project management is the process of starting a project. During this stage, the project team is formed, objectives and requirements are established, and resources are allocated. In other words, it’s when the groundwork for success is laid down. It’s often said that successful projects begin with strong initiation — and it’s true. By getting all the details right from the start, you can ensure your project has a healthy foundation to build on. From setting timelines to determining budget needs, proper initiation helps everyone involved hit their stride quickly and efficiently – thus setting the whole process up for success.