Starting a new project is exciting, but you must do your due diligence ahead of time to ensure you start off on the right foot. The initiation phase encompasses all the steps you must take before a project is approved and any planning begins. The goal is to define your project at a high level and tie it into the business case you wish to solve. We are here to do all the hard work for you, give us a business case and our team of experts will undertake all the required steps to meet any needs.
- Business case
- Feasibility Study
- Project Character
- Project Office
The purpose of the Initiating a Project
The purpose of the Initiating a Project process is to understand the work that needs to be done to deliver the required products. This understanding is needed before deciding to continue with the project. Like any project there are a number of important items to discover.
Initiating a Project
Let us put Initiating a Project into context and look at what it really does for the project. The starting up a project process checks if the project is viable, while Initiating a Project is about building a correct foundation for the project so that all stakeholders are clear on what the project will achieve.
The alternative would be to allow projects to start after the Starting Up a Project process without knowing any of the following: planning, milestones, cost and level of quality. It is a bit like building a house on little or no foundation.
Initiating a Project can be a big investment for a company but it’s a necessary investment to plan and run the rest of the project. During Initiating a Project, the Project Manager will be creating a collection of management products to show: how the project will be managed, the cost, how quality will be checked, planned, how communication will be done, etc.
Royal Innovative part in initiating a project:
- Preparing the risk management approach, which will answer how to manage risk during the project
- Preparing the Quality management approach
- Preparing the communication management approach
- Preparing the communication management approach, which will answer questions related to communication with stakeholders.
- Setup of Project Controls, which will provide information on how the Project Board can control the project.
- Creating the Project Plan, which covers Product production, product Descriptions, risks, timescales and costs.
- Lastly Refining the business case, which means to complete the Business Case.