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Project initiation is the first step in starting a new project. During the project initiation phase, you establish why youre doing the project and what business value it will deliverthen use that information to secure buy-in from key stakeholders.
The contents of a PID Purpose. Background. The project background describes the foundation or rationale for project initiation. Project definition. Project Organisation Structure/Work Breakdown Structure. Project budget. Risk register. Project control. Stakeholder analysis.
The PID should include the following content: Project definition: Explains what the project needs to achieve (background, project objectives and desired outcomes, project scope and exclusions, constraints and assumptions, the user(s) and any other known interested parties and interfaces).
A project initiation document should include the following: Basic information about the project (e.g. client, project name) Project definition. Project background. Success criteria. Project budget. Project timeline. Scope, including whats in and out of scope. Project requirements.
The Project Charter must contain: Problem definition. Project description (high level overview of the work) Project goals (what is the purpose for doing the project) Objectives and outcomes. Scope (overview of whats in, out, uncertain) Stakeholder roles, responsibilities and involvement. Major deliverables.

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Delivers a Project Charter. Defines the preliminary project cost, scope, roles, and timeline. Formalizes the existence of the project.
Here are the key activities of the project initiation phase: Project purpose and objectives. Project scope. Feasibility study or business case. Stakeholder identification and engagement. Project charter. Initial risk assessment. High-level timeline and budget. Resource identification.

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