The document outlines eight steps for successfully initiating a project through creating a thorough project charter: 1. Define the project purpose and business need. 2. Identify a sponsor and board to support the project. 3. Establish the project scope by defining what will and won't be delivered. 4. Determine the benefits and value created through tangible and intangible measures. 5. Establish specific, measurable success criteria and measures. 6. Identify potential constraints like resources, competing projects, and technology. 7. Document key assumptions to obtain feedback. 8. Get feedback from stakeholders and sign off on the project charter.

1. Project Initiation & Scoping “ Simple ideas for successful project initiations” by Ciprian Rusen

2. Initiation & Scoping = nature and scope of your project

3. Superficial Initiation & Scoping = a failed project

13. Current State Key Issues & Needs Ideal State How To Get There REMEMBER! Business Need Project Objective

17. Who will benefit the most? With whom do I need to work with? REMEMBER! Identify Sponsor & Board!

23. What WILL and WILL NOT be delivered? Critical vs. nice to have REMEMBER! Project Scope!

29. Align on Targets

30. How to Calculate? Tangible & Intangible Align Targets REMEMBER! Value Creation!

37. S pecific M easurable A ppropriate R ealistic T ime-bound REMEMBER! Success Criteria!

46. Constraints Assumptions Feedback Sign Off REMEMBER!

50. Purpose Sponsor & Board Scope Value Creation Success Criteria Constraints Assumptions Feedback & Sign Off REMEMBER!

51. Created by…