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Nick from Scope Training explains the concept of a Project Initiation Document (PID), which was changed to Project Initiation Documentation in 2009. He clarifies that terms like PID, Project Charter, Project Business Case, and Project Flotation Document are essentially the same thing with slight differences tailored by organizations. The document serves as the basis for project approval and can include information about the project's purpose, background, scope inclusions/exclusions, and more. It is scalable and can be adjusted as needed for different projects.
