Initiation: Project Opportunity Assessment

Life is short, the art long, opportunity fleeting, experiment treacherous, judgment difficult.


The project initiation phase is the most important phase of a project. It is here that expectations are set with the stakeholder sponsor. Experience demonstrates that without clearly set expectations, projects are subject to a high rate of failure. Expectations relate to project scope, solution alternatives, preliminary plans, funding confines, temporal considerations, proposal creation, and proposal acceptance by the stakeholder. With these in place, most project managers assume that ...

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