Question

1. What are some of the key decisions made during the pre-initiating and initiating processes? Do you think these are important decisions? Why or why not?

2. Briefly describe the main purpose of a business case, project charter, kick-off meeting, and stakeholder analysis.

Answer 1

1. What are some of the key decisions made during the pre-initiating and initiating processes? Do you think these are important decisions? Why or why not?

The pre-initiation cycle is critical as it decides when a project is approved to start, or no project can start. During the process, this move will be replicated at the start of each new phase and helps to decide if the process will proceed, be postponed or be cancelled. Any of the decisions taken in the initiation process are scale, pacing and financing. Project sponsors are identified, and project managers are also chosen during the pre-initiation phase. When project managers are selected, they will lead efforts to recognize and appreciate partners in the project, establish the project charter and host a kick-off conference.

2. Briefly describe the main purpose of a business case, project charter, kick-off meeting, and stakeholder analysis.

• Business case is a text offering financial reasoning for investment in a business.
• Plan charter is a document officially acknowledging the creation of a plan, and including a overview of the aims and management of the project. The Sign-off portion is a vital aspect of the project charter.
• Kick-off conference is a gathering held before the outset of a project where partners can meet each other, review the project's priorities and negotiate future plans. The aim is to get help and explain roles and obligations for a project.

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