SECTION 2 -- INITIATION PHASE 2025

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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 term project initiation comes from a five-phase model created by the Project Management Institute (PMI).
He defines initiation as an archetypal process consisting of the following seven stages: 1) spiritual education and psychic liberation, 2) engagement and disengagement, 3) descent and ascent, 4) death and rebirth, 5) incarnation and release, 6) coniunctio (marriage, union and spiritual illumination), and 7) submission
The project initiation phase is the first stage of turning an abstract idea into a meaningful goal. In this stage, you need to develop a business case and define the project on a broad level. In order to do that, you have to determine the need for the project and create a project charter.
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.
Initiation Processes Activities Agree to a vision for the project. Define the major goals project justification. Review project charters, project change controls and lessons learned from previous projects. Identify all of the project stakeholders. Identify service/product owners.
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Phase 2: Project Planning. The planning phase is key to successful project management and focuses on developing a roadmap for the team to follow. During the planning phase, project managers should organize their teams, set up collaborative resources, and set goals.
One key to success is understanding the project life cyclea series of stages that a project goes through from start to finish. The life cycle includes five main stages: initiation, planning, execution, monitoring and control, and closure.
The Project Lifecycle consists of seven phases intake, initiation, planning, product selection, execution, monitoring control, and closure. These phases make up the path that takes your project from start to finish.

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