Project Management Initiating is an official business definition that is used to describe the first phase of any project. During this phase, the project manager and stakeholders will identify the project goals, establish the scope of the project, create a project plan, and identify potential risks and issues. This phase is critical to the success of the project and allows for the project manager to set expectations for the team and stakeholders and ensure that the project is on track from the start. Throughout this process, the project manager will assess the resources that are needed and the timeline that is required to complete the project. During this phase, it is essential that the goals and objectives of the project are defined and agreed upon by all involved parties. The project manager will also identify any stakeholders who should be consulted throughout the project and will create a communication plan to ensure that all stakeholders are kept up to date on the progress of the project.