Initiation for Project Management

This topic will explore the first part of that process: identifying what success will look like for your particular project.
The first phase of the project management life cycle is project initiation, during which firms determine if the project is required and how valuable it will be to them. The business case and feasibility study are two measures used to evaluate a proposed project and identify the expected outcomes.
In order to give ‘value’ to the customer, effective project management needs you to maximize benefits while minimizing expenses. All of this is easier to accomplish if you have a defined project objective.