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PRINCE2 2009 - Introduction to processes part 4

The PRINCE2® journey

Initiation stage

Once there is a decision to go ahead with the project, it needs to be planned in detail.
Funding needs to be obtained and controls should be defined to ensure that the project proceeds in accordance with the wishes of those people paying for the project and those who will make use of what the project delivers.

The detailed planning, establishment of the project management strategies and controls, development of a robust Business Case, and a means of reviewing benefits are covered by the Initiating a Project process.
Also, during the initiation stage, the Managing a Stage Boundary process is used to plan the next stage in detail.

The initiation stage culminates in the production of the Project Initiation Documentation, which is reviewed by the Project Board to decide whether to authorize the project.
As the contents of the Project Initiation Documentation are likely to change throughout the project (under change control), this version of the Project Initiation Documentation is preserved as input for later performance reviews.

PRINCE2® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.

This product contains EVERYTHING in the publications:

Managing Successful Projects with PRINCE2 - 2005 edition
Managing successful Projects with PRINCE2 – 2009 edition
Directing Projects with PRINCE2.
plus:
The Complete Project Management package.

And much more besides - at a fantastic price.