In this episode, we provide an overview of the project initialization process, where a project is formally defined, authorized, and the project manager is officially appointed. The project sponsor’s formal approval establishes their accountability for the project. This process aligns stakeholder expectations, defines the purpose, goal, results, and benefits, selects and outlines a strategy to achieve the goal, specifies the key deliverable resulting from the chosen strategy, and identifies general risks, constraints, and assumptions, all documented in the project charter. Initialization serves as both a pre-project stage and a process at the start of each project phase. Tune in to discover how initialization sets your projects on the right path!