Project management is all about initiating and completing projects and processes in a controlled and efficient manner. This means that all projects start with a set of specific processes that need to be followed in order to get things off on the right foot. The initiating process group is the first step in this process, and it deals with all of the actions that need to be taken in order to get the project up and running. In this blog post, we're going to discuss the different processes and actions that are involved in the initiating process group.
In the initiating process group, we are going to discuss which processes and actions are necessary in order to give the project a healthy start. The initiating process group can be characterized as preparation for planning and execution processes and meeting the basic needs of the project at the initial stage. To be successful in PM exams, we have to understand the essence of initiating very well. Initiating process group is the first of the 5 pm process groups.
There are two initiating processes which are:
- Develop Project Charter
- Identify Stakeholders
In the scope of initiating process group, as a part of the project charter document the initial scope of the project is defined, necessary funds for conducting the project are determined and stakeholders are identified. As a result of this endeavor, common success criteria are developed with stakeholders, teams, and organizations. These criteria are also included in the project charter. In this process group, the project is formally started, and necessary authority is given to an appointed project manager. By defining and evaluating stakeholders, the chances to complete the project successfully increase.
By using the project charter, which is a signed document that contains a summary of the goals of the project, objectives of the projects, requirements, and high-level milestones, the project formally get started in initiating process group. The main goal of initiating process group is basically aligning the objectives of the project with the expectations of stakeholders of the project and the strategies of the organization as well as business needs.
Any project which was not initiated with a well prepared project charter is destined to fail. Lack of a proper initiation generally leads,
- Lack of alignment with organizational business strategies.
- Lack of internal recognition of project objectives,
- Lack of customer support
- Lack of common goals,
- Wrong assumptions.
- Planning PG.
- Monitoring and Controlling
- Team Charter