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Published in:
2019 | OriginalPaper | Chapter
9. Initiating a Project
Authors : Ofer Zwikael, John R. Smyrk
Published in: Project Management
Publisher: Springer International Publishing
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Abstract
When a new project is being considered, the funder needs to know enough about the venture to make a reliable investment decision. The details necessary to support such a decision are presented formally as a business case. It is during initiation (the first of the four global phases spanning the life of a project) that the business case is assembled and appraised. This chapter explores initiation in some depth—including discussion about the processes involved, the roles filled by key players, the tools that are used and the structure of the business case itself.