HKSM
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?
- Developing the project charter to obtain formal authorization
- Creating the detailed work breakdown structure
- Executing work packages to deliver scope
- 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.
