Project Initiation Document (PID)
A project initiation document (PID) is a key document used to define a new project. It is typically created early in the project lifecycle, and updated as the project evolves. The PID should be approved by the sponsor before work on the project can commence.
The PID contains a high-level description of the project, including its objectives, scope, timeline, budget, and risks. It also identifies the key stakeholders and decision-makers involved in the project. The PID is used to gain approval for the project from senior management and other key stakeholders.
Once approved, the PID serves as a reference point for all subsequent planning and execution activities. It should be reviewed and updated on a regular basis to ensure that it remains accurate and relevant.
