According to PMBOK Guide ;The Initiating
Process Group consists of those processes performed to define a new project or
a new phase of an existing project by obtaining authorization to start the
project or phase.
Within the Initiating processes, the initial
scope is defined and initial financial resources are committed. Internal and
external stakeholders who will interact and influence the overall outcome of
the project are identified. If not already assigned, the project manager will
be selected. This information is captured in the project charter and
stakeholder register. When the project charter is approved, the project becomes
officially authorized.
The key purpose of this Process Group is to
align the stakeholders’ expectations with the project’s purpose, give them
visibility about the scope and objectives, show how their participation in the
project and it associated phases can ensure that their expectations are
achieved.
Defining
the project, securing necessary financial resources, and setting communication
in place with stakeholders are all important aspects of initiating a poject.
The
initiating process group involves these main interrelated components:
-Develop
a Project Charter.
-Identify
Stakeholders.
In summary; involving the sponsors, customers,
and other stakeholders during initiation creates a shared understanding of success
criteria, reduces the overhead of involvement, and generally improves deliverable
acceptance, customer satisfaction, and other stakeholder satisfaction.
Five Steps To Protect Project Initiation
Five Steps To Protect Project Initiation