Project initiation

Project initiation is the first phase in your project's life cycle. It lays the foundation for...
The foundation for later project success is laid by defining the framework, goals and
The benefits of your project are clearly defined. In this phase, the most important decisions are made.
The question was asked and answered whether your project should be carried out at all.

Project initiation process:
1. Formulate the project charter: The project charter describes the goal, scope,
Resource requirements and the project's framework conditions. It serves as
A binding basis for all parties involved.
2. Feasibility analysis: This examines whether and how the project is feasible.
This includes legal frameworks, risk analyses,
Economic considerations and the examination of alternatives.
3. Stakeholder analysis: Identification and analysis of all relevant stakeholder groups,
to take their expectations and influence into account.
4. Decision on project approval: After considering all factors, the decision is made.
The management or the client decides whether the project will be started.

Project initiation is the key step to ensuring your projects are successful from the outset.
to establish a solid foundation. It provides clarity, orientation, and secures the support of everyone.
Participants. Errors or omissions at this stage can hardly be rectified later.
It may still need correction. Therefore, it is worth proceeding with particular care here.