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Project Initiation

Starting the process that may culminate in officially authorizing a new project.

Key Points

  • Triggered by a business need, problem, or opportunity.
  • Leads to preparation of a project charter or similar approval artifact.
  • Identifies the sponsor and key stakeholders; may name a project manager.
  • Establishes high-level objectives, scope, benefits, assumptions, and constraints.

Example

A retailer faces rising online cart abandonment. Leadership begins project initiation by documenting the business case, drafting a charter with goals and funding, identifying the sponsor and stakeholders, and seeking formal sign-off to authorize the new project.

PMP Example Question

Which activity best represents Project Initiation?

  1. Developing the project charter to obtain formal authorization
  2. Creating the detailed work breakdown structure
  3. Executing work packages to deliver scope
  4. Performing variance analysis on the schedule baseline

Correct Answer: A — Developing the project charter to obtain formal authorization

Explanation: Initiation starts the process that can result in formal approval of a new project, typically through a signed project charter.

How To Land the Job and Interview for Project Managers Course

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