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Project Initiation Phase

oboloo Glossary

Project Initiation Phase

The Project Initiation Phase is the official business definition of the beginning of a project. This phase consists of identifying the project goals, objectives, stakeholders, risks and constraints. The initiation phase is essential for the successful completion of the project, as it sets the foundation for the project management plan and the overall objectives. During this phase, the project manager and team assess the project’s feasibility and determine the timeline, budget, resources and materials needed. Additionally, the project manager is responsible for drafting the project charter, which articulates the project objectives, deliverables, and timeline. Furthermore, the initiation phase involves developing the project management plan, which provides an overview of the project, outlines the tasks and activities that need to be completed, and identifies the resources and responsibilities for each task. Lastly, the initiation phase allows for stakeholder analysis, which enables the project team to identify and understand the expectations

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