Identify why the project is being considered. Projects originate from a wide spectrum of sources:
To solve a current problem
To respond to a stated request
To meet (or create) a market demand
To comply with shifting legal requirements or standards
To improve a process or lower costs
To exploit a technical advance or perform basic research
To pursue a business strategy or opportunity
Define the expected value of the project overall and describe why the project will make a difference, beginning with the process of setting a project vision.
Create a rough estimate of both the project benefits and costs. Draft a preliminary scope statement describing the project deliverables. For each defined deliverable, determine the timing required ...