What is project initiation? Explain different activities you will perform during project initiation phase.

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Bipin Tiwari · Accepted Answer

Project initiation is the first phase of the project management life cycle and in this stage, companies decide if the project is needed and how beneficial it will be for them. The two metrics that are used to judge a proposed project and determine the expectations from it are the business case and feasibility study. To define the purpose and the expectations of the project. To define the project scope to ensure that the project covers all the required aspects and full addresses them. To define clear milestones and timeline for the project to ensure a smooth flow of events throughout the project. To devise the project’s deliverables that are in line with the goals and the clients expectations. To identify all the stakeholders that are to be directly or indirectly affected by the project. To come up with an enough budget – at this stage, a budget estimation is made for running the project. To establish the risks, issues and interdependencies connected to the project – this would help the team prepare and plan beforehand to avert the risks and tackle the issues.

What is project initiation? Explain different activities you will perform during project initiation phase.

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What is project initiation? Explain different activities you will perform during project initiation phase.

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