In this first project management phase, the preliminary work is done to clarify the problem or opportunity and how a solution would look. All interested parties are consulted and the project scope – what is in and what is out – is clarified as well as initial costings and timelines.
The initiation stage should include a plan that encompasses the following areas:
▪ Analyzing the business needs/requirements in measurable goals
▪ Reviewing of the current operations
▪ Financial analysis of the costs and benefits including a budget
▪ Stakeholder analysis, including users, and support personnel for the project
▪ Project charter including costs, tasks, deliverables, and schedule
The Late Dhirubhai Ambani dreamt of a digital India — an India where the common man would have access to affordable means of information and communication. Dhirubhai, who single-handedly built India’s largest private sector company virtually from scratch, had stated as early as 1999: “Make the tools of information and communication available to people at an affordable cost. They will overcome the handicaps of...