Chapter 7: Project InitiationChapter
8: Overview of Project Planning
Chapter 7 introduces the first phase of the project management life cycle: project initiation. Project initiation is when the business problem or opportunity is identified, a solution is defined, a project is formed, and a project team is appointed. Chapter 8 provides a solid overview of project planning. This is the second phase in the project management lifecycle and is where most project managers spend a great deal of their time. It is the ‘heart’ of the project life cycle, but also the most challenging phase for the project manager.
- Explain the key components of the Project Initiation phase and the project manager’s responsibilities during this phase.
- Identify and explain the different options available for deciding which project to work on (e.g. NPV, ROI etc.)
- Understand when and why a Project Charter is used. What value does it bring?
- Understand all the processes included in Project Planning and why they are important to the success of a project.