PRINCE2-Initiating a Project

The purpose of the initiating a project process is to establish solid foundations for the project, enabling the organization to understand the work that needs to be done to deliver the project's products before committing to a significant spend.

The objective of the initiating a project process is to ensure that there is a common understanding of:

• the reasons for doing the project, the benefits expected and the associated risks
• the scope of what is to be done and the products to be delivered
• how and when the project's products will be delivered and at what cost
• who is to be involved in the project decision-making
• how the quality required will be achieved
• how baselines will be established and controlled
• how risks, issues and changes will be identified, assessed and controlled
• how progress will be monitored and controlled
• who needs information, in what format and at what time
• how the corporate, programme management or customer method will be tailored to suit the project.

The activities within the initiating a project process are project manager oriented and are to:

• agree the tailoring requirements
• prepare the risk management approach
• prepare the change control approach
• assemble the project initiation documentation.
• refine the business case
• create the project plan
• set up the project controls
• prepare the communication management approach
• prepare the quality management approach