The purpose of project initiation is to provide a well-defined start to the project and ensure all resources are available, objectives are set, and expectations are communicated. It also helps define deliverables and determine the overall success criteria for the project. The initiation activities should be focused on setting clear goals, defining stakeholders, understanding funding requirements, and establishing the project governance structure. Additionally, it is important to ensure that any risks associated with the project are identified to minimize them during execution. The ultimate goal is to have a successful project launch. It helps create a positive atmosphere for the team while understanding what needs to be done to reach the desired outcome.
These activities also help set up strong communication channels between involved parties and establish roles and responsibilities for each stakeholder at each stage of the project. This helps increase transparency and accountability throughout the project lifecycle, ensuring that all stakeholders remain informed about progress updates and any changes that need to be made along the way.