This way the project can benefit from knowledge gained in earlier projects.Īccording to the PMBOK, this activity has the following characteristics: The project charter authorizes the project, identifies key aspects of the project and is an input to multiple other components of project management.ĭuring early phases, like this one, it may be useful to review the lessons learned from previous projects, which are part of the organizational process assets. These identify at a high level what the project will produce and who needs to be involved or considered, including the sponsor. There are only two processes in PMI's Initiating process group: this one, develop project charter, and identify stakeholders. You can help Project Management Wiki by expanding it.
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