Definition: Project initiation is the first phase of project management where a project is formally authorized and its basic framework is established.
During this phase, key objectives, the project’s scope, and its feasibility are evaluated to determine if it should proceed.
The project initiation phase lays the foundation for the entire project. A well-defined initiation process ensures clear understanding among all parties, reduces risks, enhances resource allocation, and sets realistic expectations. It helps avoid miscommunications and ensures that the project aligns with business goals, increasing the chances of successful project delivery.
Ready to discover smooth and seamless product
Start 14 Day Trial Now