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The document discusses the project initiation phase, which is the first and crucial phase of the project management life cycle. In this phase, a business case is developed to define the problem or opportunity and identify a preferred solution. If approved by the project sponsor, funding is allocated for feasibility studies. The initiation phase involves clarifying the project's objectives, scope, purpose and deliverables. A project team is appointed to build and deliver the solution to the customer. Activities in this phase can include preliminary and detailed feasibility studies that are completed before the project is approved and detailed planning begins.





