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Project Initiation

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Project Initiation is the initial stage of project management where the idea for a new project is conceived and formally approved. This step involves defining the project's objectives, scope, and deliverables in collaboration with stakeholders. Key activities during this phase include: * Identifying business needs and requirements * Defining project goals and outcomes * Establishing a project charter or statement of work * Confirming stakeholder expectations and roles * Estimating resource requirements and timelines The outcome of Project Initiation is a clear understanding of what the project will achieve, who will be involved, and how it will be executed. This stage sets the foundation for subsequent phases, ensuring that all stakeholders are aligned with the project's objectives and direction. A well-planned initiation phase lays the groundwork for successful project execution.