Initiating Process Group
The Initiating Process Group is the first phase in the project management life cycle according to the Project Management Institute's (PMI) Project Management Body of Knowledge (PMBOK). It's where the project is officially kicked off and authorized. During this phase, following two process are carried out:
- Develop Project Charter: This process involves formally authorizing a project or phase and documenting initial requirements that satisfy stakeholders' needs and expectations.
- Identify Stakeholders: This process involves identifying all individuals, groups, or organizations that may be affected by or have an impact on the project. Stakeholders can include project sponsors, team members, customers, end-users, suppliers, regulators, and other entities.
The Initiating Process Group sets the stage for the rest of the project and is critical for establishing a solid foundation for project success.