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The initiation stage is the very first stage as it involves starting up a new project. This is the most crucial part of the life cycle, because without it the rest of the cycle cannot happen.

You can start this stage by defining its objectives, scope, purpose and deliverables.

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The planning analysis will define what

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The project team develops the product or service and presents the final product to the customer.

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Takes the most time and resources

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Sometimes there are changes that need approval and need to ask the team as a whole and dependent on the feedback depends weather the change happens or not

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closing down the project as much as needed, such as terminating supplier contracts, handling final documentation, communicating the closure to all stakeholders.
After all that is sorted, the final step is to evaluate the project. What went wrong? What went well? What lessons were learned? This information can then be feedback into future projects to help them using the knowledge of this project.

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another part of the initiation is the actual idea of the project

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another part of the initiation is the actual idea of the project

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A manager to overlook all tasks and assignments

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Basic budget planning, task table, project management, role assignment. Joe and Evan

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Acting upon the plan

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The first thing you should do is to make sure if your project is realistic before a lot of planning goes into it. After this you can start making plans for your project. Some of the things you would then have to are, figure out who it affects, develop a business case, and develop a statement of work.

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You start new projects by defining its objectives and purpose, like to solve problems or to make something, and how it will be achieved.

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the action of beginning something such as defining the problem for the rest of the team

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at the initiation of the project there are many steps. e.g. creating a budget, will it meet the deadline 

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at the initiation of the project there are many steps. e.g. creating a budget, will it meet the deadline 