Project initiation plan

Project initiation plan

The Project Outline describes in broad terms the purpose of the project, the background (ie. why did you choose this particular project), the scope and the project objectives. Teams should complete the Project Outline and ensure that it is limited to one page. In producing this document you must use size 12 font and a minimum margin of 2 cms. A minimum of 2 references must be utilized. Please refer to the template on WebCT.Project Initiation Document (PID)The purpose of a PID is to define elements of the project. It includes both a Business Case (which you did in Professional Development 2) and how you are going to implement the project. A PID is used by management (or investors) to assess your concept and to judge its potential to succeed. Information included in the PID will answer the following questions for management or investors:  What is the project aiming to achieve? Why it is important to achieve it or is there a market for the product? Who will be involved and what are their responsibilities? How will it be undertaken and organised? How much will it cost?A PID outlines all of the essentials to form a firm foundation for the project, including project objectives, project scope, business benefits and risks, stakeholder analysis and project timeframes. Note: This is the final document and forms the basis upon which your final industry panel presentation is made. There should be no ambiguity. The PID should clearly outline why, what, when and how the project is going to be done.Project TypesAs a PD3 student you will be working in a team on one specific project. Your project may be from the following categories. Please refer to your local facilitator for further details.• Business Start Up Project Initiation Document (PID) TemplateTemplates for the PID documents have been provided on . It is compulsory to use the template provided. Should you believe it necessary to make changes to the template based on your unique project. It is essential to give particular attention to how you format and present the document. The following guidelines apply:1. Charts, tables and graphs are essential components 2. Supporting materials, such as survey results, financial analysis computations, economic and resource calculations, and detailed explanations can be included in an appendix. Please Note: The PID Appendices must be limited to 8 pages.3. All financial/budgetary computations must be accompanied by appropriate descriptions and rationale. If your facilitator cannot understand the assumptions that your financials are based on this will affect your overall PID mark.4. Professional quality layout and graphics, including use of colour printing, is required.5. Spelling, punctuation and grammar must be of the appropriate standard6. Copyright of any photographs or other images (including logos) used must be attributed and where necessary permission for use obtained.i will provide you with a power point file that has all the information that we have gathered during the course of study. please refer to it during the writing of the plan as it contains all the necessary information. in addition, please do NOT hesitate to contact me if you are unable to understand a certain point or need any assistance regarding the writing of the report.

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