This document outlines the conceptualization and initialization phase of an information management project. It discusses key aspects of developing an IT project methodology, including defining phases, deliverables, and processes. The initial phase involves developing a project charter and detailed plan covering the project's scope, schedule, budget, and quality objectives. Additionally, it emphasizes establishing a measurable organizational value (MOV) - the project's overall goal and measure of success - which must be agreed upon to guide the project.