1.

What do the following documents contain and what is the significance of these documents during project initiation?

Answer»

Knowledge Area:Project Integration Management 

  • Business case document:

Understanding the financial feasibility and reasons of doing a new project is important. Business case PROVIDES a detailed financial analysis of investments to be made and benefits to be reaped from the project with a final justification either to do or not do a project. Business case document is one of the first documents to be referred for an internal project to be initiated.

  • Agreement:

A document which is a CONTRACT siged with an external customer and is used for initiating a new project. This document will LAY the boundaries of the new project with regard to the scope, time and cost and the agreed terms and conditions between the REQUESTING organization and performing organization. It is one of the initial documents the project manager will like to refer to understand about the project.

  • Project charter:   

This is the very first initial document of any new project getting initiated. Project charter establishes the formal authorization for the new project. This document will lay down the objectives of the project, the name of the PM and will be approved by the initiator/sponsor. The business case and/or the agreement will be referred while preparing the project charter document.

Please refer to the link for more DETAILS on this: Project Charter

  • Stakeholder register:

This is a very important document which is used to list all the stakeholders and all the relevant information about each stakeholder. This document is also used to include the information about their interest and power towards the project, their current levels of engagement such as resistor, neutral or supporter of the project. This is one of the first documents created during the project initiation. This is a live dynamic document. As new stakeholders are identified through the project life cycle, their relevant information will be added into the stakeholder register.



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