Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,090 --> 00:00:02,890 Here is the summary checklist 2 2 00:00:02,890 --> 00:00:05,793 of all the key points of the initiation stage. 3 3 00:00:07,140 --> 00:00:09,600 The purpose of initiation is to baseline 4 4 00:00:09,600 --> 00:00:11,940 the key information the project manager needs 5 5 00:00:11,940 --> 00:00:13,780 to conduct effective planning, 6 6 00:00:13,780 --> 00:00:15,870 especially the project objective, 7 7 00:00:15,870 --> 00:00:18,993 and determine how much effort to spend in planning. 8 8 00:00:20,590 --> 00:00:23,140 The best practice recommends the prospective project manager 9 9 00:00:23,140 --> 00:00:26,600 lead the initiation stage and production of the charter, 10 10 00:00:26,600 --> 00:00:29,430 in order to ensure the process is implemented properly 11 11 00:00:29,430 --> 00:00:31,593 and to provide continuity through planning. 12 12 00:00:33,300 --> 00:00:36,320 The first items to identify are the project sponsor 13 13 00:00:36,320 --> 00:00:37,530 that will provide the budget, 14 14 00:00:37,530 --> 00:00:39,890 and the customer with the need 15 15 00:00:39,890 --> 00:00:41,703 that will use the project result. 16 16 00:00:43,260 --> 00:00:44,550 The next people to identify 17 17 00:00:44,550 --> 00:00:46,920 are the rest of the stakeholders, 18 18 00:00:46,920 --> 00:00:49,010 all those that will be affected by 19 19 00:00:49,010 --> 00:00:50,770 or can affect the project, 20 20 00:00:50,770 --> 00:00:52,720 and whose support you need to maintain. 21 21 00:00:54,100 --> 00:00:56,920 The most important step in scope definition 22 22 00:00:56,920 --> 00:00:59,200 is to get the stakeholders to agree 23 23 00:00:59,200 --> 00:01:01,710 a single sentence objective 24 24 00:01:01,710 --> 00:01:05,073 identifying the ultimate project outcome and benefit, 25 25 00:01:05,950 --> 00:01:08,383 along with any assumptions and constraints. 26 26 00:01:10,010 --> 00:01:12,910 The conceptual solution provides the top-level understanding 27 27 00:01:12,910 --> 00:01:14,590 of how to meet the objective, 28 28 00:01:14,590 --> 00:01:17,683 and is sometimes just a list of the major end deliverables. 29 29 00:01:19,280 --> 00:01:21,250 The initiation business case 30 30 00:01:21,250 --> 00:01:23,840 estimates the costs and benefits 31 31 00:01:23,840 --> 00:01:26,480 around plus or minus 100% accuracy, 32 32 00:01:26,480 --> 00:01:29,720 providing a gate to stop projects that make no sense, 33 33 00:01:29,720 --> 00:01:31,850 or if it looks reasonable, 34 34 00:01:31,850 --> 00:01:35,683 putting 5% of the estimate aside for the planning budget. 35 35 00:01:37,260 --> 00:01:40,360 The charter also identifies the project manager, 36 36 00:01:40,360 --> 00:01:42,280 publicly empowers them with a mandate 37 37 00:01:42,280 --> 00:01:44,030 to prepare a project plan, 38 38 00:01:44,030 --> 00:01:46,573 and provides a planning budget and schedule. 39 39 00:01:48,490 --> 00:01:51,560 Now we're ready for the next and most substantive stage 40 40 00:01:51,560 --> 00:01:54,353 of the project management process, planning. 3499