Project Initiation Phase Explained - How to Start a Project Process | AIMS Education

Efficiently start your project with a strong initiation phase using proven PMBOK strategies.Project initiation is the first phase of project management, where ideas are transformed into actionable plans. This video explains what the project initiation phase involves — from feasibility studies and project selection methods to developing a project charter and identifying stakeholders. You’ll learn how to evaluate opportunities, assess viability, and formally authorise your project with clarity and confidence.

The lecture highlights:
What is Project Initiation? Understanding the purpose and processes.
Feasibility Studies: How to determine project viability.
Selection Methods: Choosing the right project using benefit measurement or mathematical models.
Project Charter Development: Key inputs, tools, and essential components.
Stakeholder Management: Identifying and engaging stakeholders early.

This video is ideal for students, professionals, and project managers seeking to strengthen their understanding of the initiation phase in project management and lay the foundation for successful project execution.

Chapters:
00:00 Project Initiation and Feasibility Studies
00:47 Key Criteria for Project Initiation Success
01:11 PMBOK Sources of Project Needs
01:35 Importance of Feasibility Studies
02:22 Project Selection Methods Overview
03:12 Mathematical Models for Project Selection
03:36 Benefit Measurement Methods Explained
04:00 Developing the Project Charter
05:21 Components of the Project Charter
07:17 Stakeholder Identification and Management
08:23 Organisational Process Assets and Tools
09:11 Developing a Stakeholder Management Strategy

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Start your journey toward becoming a certified project management professional with AIMS Education — build skills that help you initiate and manage projects with real-world confidence. Learn complete lecture here: https://aims.education/study-online/p...

For more lectures and study notes on Project Management from AIMS’ Institute of Project Management, please visit:
https://aims.education/project-manage...

This lecture is a part of educational programs offered by AIMS Education’s Institute of Project Management:
https://aims.education/project-manage...

AIMS’ Institute of Project Management offers the following internationally accredited and globally recognized programs:

Certified Project Manager (CPM):
https://aims.education/certified-proj...

Certified Project Management Expert (CPME):
https://aims.education/project-manage...

Master Diploma in Project Management (MDPM):
https://aims.education/project-manage...

MBA in Project Management:
https://aims.education/mba-project-ma...

PhD in Project Management:
https://aims.education/phd-in-project...

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