Introduction to Project Initiation
Discover why project initiation is the foundation that can make or break your project. Learn what happens when you skip it and understand the key deliverables that set projects up for success.
Introduction to Project Initiation
Why Initiation Matters
Understand the critical importance of the initiation phase and the consequences of skipping or rushing it. Learn the 67% higher failure rate statistic.
The Marketing Platform Disaster
A real case study of a $2.3 million failed project that was completely preventable with proper initiation.
Key Deliverables
Learn about the Project Charter, Stakeholder Register, and Assumption Log - your project's constitution.
The Cost-Impact Curve
Discover why decisions made during initiation are cheap but have enormous impact, while changes during execution are expensive.
Best Practices & Common Mistakes
Learn how to do initiation right and avoid the pitfalls that even experienced PMs fall into.
- •Project initiation is your project's foundation - skip it or rush it at your peril
- •The Project Charter formally authorizes your project and grants PM authority
- •Organizations that undervalue initiation have a 67% higher project failure rate
- •Decisions during initiation are cheap to make but have enormous impact
- •Proper initiation prevents scope creep, stakeholder conflicts, budget overruns, and timeline delays
- •Initiation is where organizational strategy meets project execution
- Have you ever been on a project that skipped proper initiation? What happened as a result?
- Think about a current project. Can you articulate its business justification and measurable objectives?
- Why do you think organizations often rush through or skip the initiation phase despite its importance?
- What's the difference between a project charter and a detailed project plan?
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