Project Initiation & Payback Analysis Create a project initiation form (using a standard format and font that you design) which includes the elements described below. Product scope description describes the characteristics of the product, service, or result that the project was undertaken to create. Project objectives include the measurable success criteria of the project (can include cost, schedule and quality targets). Project requirements the conditions or capabilities that must be met or possessed by the deliverables of the project to satisfy a contract, standard, specification, or other formally imposed documents. Project boundaries identifies generally what is included within the project. Also states explicitly what is excluded from the project. Project deliverables tangible, verifiable work products. Product acceptance criteria describes the process and criteria for accepting completed products. Project constraints lists and describes the specific project constraints associated with the project that limits the teams options Project assumptions lists and describes the specific project assumptions associated with the project scope and the potential impact of those assumptions if they prove to be false. Stakeholder analysis includes a list of all of the stakeholders affected by the project. Search the book materials, and the Internet for potential fields to be included such as: name, position, influence (positive/negative), level of power, level of trust, etc Cost-benefit analysis The high-level project budget (costs), benefits (inflows or recurring cost savings) and payback period of the project.

Project Initiation & Payback Analysis Create a project initiation form (using a standard format and font that you design) which includes the elements described below. Product scope description describes the characteristics of the product, service, or result that the project was undertaken to create. Project objectives include the measurable success criteria of the project (can include cost, schedule and quality targets). Project requirements the conditions or capabilities that must be met or possessed by the deliverables of the project to satisfy a contract, standard, specification, or other formally imposed documents. Project boundaries identifies generally what is included within the project. Also states explicitly what is excluded from the project. Project deliverables tangible, verifiable work products. Product acceptance criteria describes the process and criteria for accepting completed products. Project constraints lists and describes the specific project constraints associated with the project that limits the teams options Project assumptions lists and describes the specific project assumptions associated with the project scope and the potential impact of those assumptions if they prove to be false. Stakeholder analysis includes a list of all of the stakeholders affected by the project. Search the book materials, and the Internet for potential fields to be included such as: name, position, influence (positive/negative), level of power, level of trust, etc Cost-benefit analysis The high-level project budget (costs), benefits (inflows or recurring cost savings) and payback period of the project.