![[3.2.1 Initiating Phase.png]] The first phase of a PM2 project is the Initiating Phase. During this phase, the people involved formulate the **project’s objective(s)**, ensure the project’s **alignment to the organisation’s strategic objectives**, undertake some initial planning to get the project off to a good start, and put together the information required to gain approval to continue to the Planning Phase. The main input of this phase is a **(client) request to address a need, [[Problem]] or [[Opportunity]]**. The following activities are part of the Initiating Phase: - Creation of the **[[Project Initiation Request]]** containing information about the requestor, business needs and desired project [[Outcomes]]. - Creation of the **[[Business Case]]**, which provides the ==project justification== and defines its budgetary requirements outlined in sections covering the business context, problem description, project description, possible alternative solutions, costs and timetable. - Creation of the **[[Project Charter]]**, which provides more details on the project definition in terms of ==scope, cost, time and risk==. It also defines [[milestones]], [[deliverables]], project organisation, etc. ![[Fig 3.3 Overview of the Initiating Phase.png]] The [[Business Case]] and Project Charter define the project’s **scope and direction**. The Project Manager (PM) and the [[Project Core Team (PCT)]] reference and use both throughout the project. At the end of the Initiating Phase, the **Project Steering Committee (PSC) or other Appropriate Governance Body (AGB) reviews** the above documents and **decides** whether to allow the project to **move forward**. ___ 🔼 [[3.2 The PM2 Lifecycle]] ◀️ [[3.2 The PM2 Lifecycle]] ▶️ [[3.2.2 Planning Phase]] Spanish Guide: [[3.2.1 Fase de Inicio]] ___ ![[👉 Quick links]]