The initiation project phase involves the establishment and development of a defined project, which typically includes defining goals, objectives, budget, resources and timelines for implementation. It is the first step to ensure that all activities are in line with organizational goals and objectives. During this phase, a detailed plan of action is formulated to guide the successful execution of the project. Additionally, any potential risks should be identified and documented. The project manager’s role is key at this stage as they are tasked with creating a road map for completion, monitoring progress and managing changes.