Initiating the Project (Essay Sample)

Initiating the Project
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Introduction
Project management is the act and process where organizing, planning, controlling and motivation are involved with a motive of achieving specific goals using the resources provided. A project is an endeavor meant to design a unique product with a beginning and an end, and with a motive of meeting objectives and goals, which are unique. The management of a project requires that the management possess high skills and abilities to meet the demands of the project and the stakeholders (Baguley, 2008). There are various challenges that are associated with project management including the achievement of all the projected objectives and goals while reverencing to the fixed constraints. There are various constraints including quality, scope, time, and budget (Hobbs, 2009).
There are various phases that are associated with project management. They include initiation, planning and design, execution and construction, controlling and monitoring systems, and completion. Despite the various used approach, careful consideration is expected to be used in the overall objectives of the project, cost, and timeline in addition to the responsibilities and roles of all stakeholders and participants. The initiation process is the process, which is the first process of project management. This includes starting a new project. This is done by definition of the projects scope, objectives, deliverables and purpose. This phase is one of the most critical and crucial aspect in project management. This phase requires that hiring of a credible and skilled team is put in place as well as definition of the project’s scope.
There are various steps, which are involved in the initiation phase. These include creation of a business case, making of a feasibility study, development of project charter, and assignation of the management team. Creation of a business case document denotes a formal start where the project sponsor outlines the description of the business opportunity or problem. This case document includes problems associated with the business and also the potential costs related with the implementation of the project (Tinnirello, 2000). The other step involves the making of a feasibility study where a comparative research is undertaken with a motive of identifying whether the project achieved and also alternative solutions. This research also explains if the benefits outlined by the business case can be conveyed. This research also explains the connection between the project solutions and business costs.
The other step involved in this phase is the development of the project charter. After the identification of the business opportunity or problem, and the possible solutions, this development is another critical stage of the initiation phase. This charter is said to describe how the project will solve the problem at hand and the boundaries of the project. The charter specifies the goals and objectives, vision, scope and boundaries, project organization, deliverables and expectation, and the implementation plan (Hobbs, 2009). The other step involved in this stage is assignation of the management team. The expansion of the charter is created as a way of proceeding with the identification of a human resource that is necessary for the delivery of the project and also achi...