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Initiation phase is the initial stage of a project or a process. It is a crucial period where the groundwork is laid for subsequent activities. During this phase, the project's feasibility is assessed, objectives are defined, and key stakeholders are identified. A thorough initiation phase helps ensure that the project is well-defined, aligned with strategic goals, and has a clear understanding of its scope and expected outcomes.

The primary goals of the initiation phase include defining the business need or opportunity, establishing project objectives and deliverables, and determining the project's feasibility. This often involves conducting a feasibility study to evaluate technical, economic, and operational viability. A project charter is typically developed during this phase, which serves as a formal document authorizing the project and outlining its high-level requirements, stakeholders, and success criteria. Resource requirements and potential risks are also identified and considered.

Successful completion of the initiation phase provides a clear mandate for the project to proceed to the next stage, often referred to as the planning phase. It ensures that all parties involved have a shared understanding of the project's purpose and direction, minimizing the likelihood of misunderstandings or scope creep later on. Without a well-executed initiation phase, projects are more susceptible to failure due to unclear objectives, inadequate resources, or a lack of stakeholder buy-in.