Project Initiation process includes the primary process which aims to define a new project or a product which helps the organization to obtains its strategic objectives.
In this phase the project will be defined, the stakeholders are identified, the Project Manager is assigned, and the project charter is developed. The initial financial resource is also allocated, and the project is officially authorized.
The success criteria are investigated and the expectation of stakeholder as well as incentives of parent organization are documented.
