Chapter 4 - Chapter 4 Project Initiation Turning a Problem...

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Chapter 4 Project Initiation: Turning a Problem or Opportunity into a Project
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Project Initiation’s Place in the Project Life Cycle Usually projects come from outside the project team A problem is studied A suggestion is made Page 2 The Fundamentals of Project Management
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What kinds of projects do companies execute? To meet regulatory requirements or compliance issues To meet operational requirements To keep top executives happy ( sacred cow projects) How about to make money? To maintain a competitive advantage
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Initiation Recognize that a project is worth doing (Business Case/Proposal) Decide that the risks associated with the project are appropriate to probable success Determine what the project should accomplish/ Define the general project scope Identify stakeholders, including initial members of the project implementation team
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What Does the Project Manager Do?
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