To formally initiate a project, especially in a structured or professional project management environment, the first step is to develop a business case. This document provides:
Justification for the project (why it's needed)
Objectives and success criteria
Expected benefits
High-level costs, risks, and timelines
A well-prepared business case helps stakeholders and sponsors decide whether to proceed with the project and allocate funding and resources.
Why Not the Others?
A. Produce a prototype – That’s part of project execution or feasibility testing, not initiation.
B. Assign a project manager to document scope – The scope comes after the business case is approved; assigning a PM is premature.
D. Discuss requirements and alternatives – This may be part of early brainstorming, but doesn’t initiate the project formally.
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