1. Initiation

Overview:

Every project begins with the initiation phase, where the foundation is set for all future work. This phase confirms that the project is both viable and worthwhile, defines its purpose and scope, and secures the necessary approvals to proceed. Done well, initiation aligns the organization on why the project matters and ensures resources are committed with clarity.

According to the Project Management Body of Knowledge (PMBOK®), initiation consists of two key processes:

1. Develop Project Charter: The charter formally authorizes the project and empowers the project manager to apply organizational resources. It outlines the project’s purpose, objectives, scope, key stakeholders, and identifies the project management team.


2. Identify Stakeholders: Stakeholders are the individuals and groups who can influence, or be impacted by, the project. Identifying them early - along with their needs, expectations, and level of influence - is critical to securing buy-in and shaping a project that delivers real value.