This Video is about Project Initiation Phase.
Project Initiation:
Project Initiation is the first phase and its very important to meet successful business needs from a Project.
In Project Initiation Phase is based on following main points:
1. Why this project is required?
2. Is it feasible?
3. How to do this project?
4. What will be project outcome?
Project Initiation Phase determines the Project Idea, Business Case, Nature, Goals, Scope, Feasibility Study, Risks, Success Criteria, Stakeholders, Financial Analysis, Project Charter, and Project approval.
Main Points of Project Initiation Phase are:
1. Project Idea
2. Business Case
3. Feasibility Study (Schedule, Cost & Output)
4. Project Charter
5. Project Stakeholders Identification
6. Project Team
7. Project Office
8. Review the Initiation Phase
9. Project Initiation Phase Approval
