Project initiation phase aims at formulation of project scope and implementation strategy by project need identification, feasibility studies, investment appraisals, financial appraisal, statutory clearance, project definition; development of strategy for execution (project charter) and finally structuring of project organisation including selection of the project manager (if project is approved for implementation). End of initiation phase marks the client go-ahead/no-go decision. Some important initiation processes are explained in subsequent paragraphs.
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