Starting a new project can be an exciting adventure but requires

careful planning and execution. The first phase of any project is the

initiation phase, where you lay the foundation for the entire

endeavor.



From defining your project objectives to identifying stakeholders and

risks, the initiation phase sets the stage for success. In this

article, we'll explore the key elements of project initiation and

provide practical tips for ensuring your project gets off to a solid

start.



WHAT IS PROJECT INITIATION?



Project initiation is the first phase of the project lifecycle

[https://activecollab.com/blog/project-management/project-management-life-cycle],

where you define the nature and scope of the project. According to the

Project Management Body of Knowledge (PMBOK), project initiation

includes identifying stakeholders, defining project objectives, and

developing a high-level project plan.



Project initiation is about laying the groundwork for the project's

success by ensuring that everyone ...