CHAPTER 2Initiating a Project

INITIATING A PROJECT is the formal start of the project management life cycle. Project initiation communicates to the project stakeholders that there has been a commitment of funds, resources, and time to the project purpose. It is the portion of the project that identifies the project framework, assigns authority to the project manager, and establishes the vision for the project.

Small businesses often launch projects with a minimum of formality: a contract, a purchase order, or a proposal that has been approved by the project customer. Traditionally, projects need a requirements document, stakeholder identification, and a project charter. In your business, you may use a contract, a boilerplate form, or an e-mail ...

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