PMP Exam Cram™ 2, Second Edition

Chapter 2. Understanding Project Initiation

Terms you’ll need to understand:

✓	Assumptions
✓	Constraints
✓	Go/No-go decision
✓	Management by objectives (MBO)
✓	Project boundaries
✓	Project charter
✓	Project initiation
✓	Project initiator
✓	Project scope
✓	Project selection
✓	Project sponsor

Techniques and concepts you’ll need to master:

✓	Gathering initial project information
✓	Project authorization
✓	Understanding the importance of project initiation
✓	Assignment of project manager
✓	Shared project ownership
✓	Developing a project charter
✓	Developing a preliminary project scope statement
✓	Knowing the difference between initiating and planning process group activities

The first process group you will encounter in the project life cycle is project initiation. Although project initiation ...