Project establishment process

The project initiation process includes project initiation application, project feasibility evaluation, project initiation decision, etc.

1, project application

The first step of the project start-up process is to submit a project start-up application. The applicant shall provide the background information, objectives and expected results of the project, as well as the estimation of the resources and budget required for the project.

2. Project feasibility assessment

After the project application is approved, evaluate the feasibility of the project. This includes market research, competition analysis, technology assessment, risk assessment, etc. The evaluation results will be used to decide whether to continue the project.

3. Project Decision-making

According to the results of project feasibility assessment, make project decisions. Decision makers will decide whether to approve the project according to the evaluation results and organizational strategic objectives, and allocate corresponding resources and budgets.

The role of project duration

1, with clear objectives

The project initiation process helps to define the project objectives and expected results, so that all participants have the same understanding of the direction and objectives of the project. For example, in the process of developing a new mobile application, the project team will clarify the user problems to be solved, the expected number of users, the market target positioning, etc.

2. Resource allocation

The process of project establishment can help organizations to determine the resources needed by the project, including manpower, material resources, time and funds, and allocate them effectively. For example, in the process of establishing a large-scale online activity, we will determine how many developers are needed to build and maintain the activity page, what is the marketing budget, and the schedule of the activity.

3. Risk management

Risk assessment and management in the process of project establishment is helpful to identify and deal with risks that may affect project implementation, and formulate coping strategies in advance. For example, in the process of project establishment, risks such as policy and data privacy may be identified, and corresponding risk response measures may be planned in advance.