2. Initiating Process
In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the initiating process. This process is considered to be one of the most critical elements of a project because many aspects of the project are defined at this point. Although several areas of the project are addressed during this process, the primary goal of the initiating process is to capture enough information about a potential unique endeavor to allow key individuals to decide whether to proceed with project activities.
Whether projects are small and simple or large and complex, detailed information is gathered on specific activities required ...