Project Initiation & Dev
This course provides an in-depth examination of project initiation. Students are introduced to the requirements involved in completing a feasibility study, starting up the project, documenting a business case, and ultimately gaining project approval and funding. Students also learn how to effectively provide terms of reference, appoint the project team, and set up project procedures. The course also examines the importance of clearly defining the high-level project description or product requirements in order to ensure that the strategic and/or operational business needs are met during project execution. This includes what is necessary to meet the specific customer and other stakeholder project needs or expectations and what benefits need to be realized for the project to be deemed successful.
Topic discussions include organizational, environmental, and external assumptions, risks, and constraints. Upon completion of the course, students are able to determine what is needed within a business case to justify a project, including a return on investment (ROI), a preliminary budget, and a schedule summary. The coursework aligns with the Project Management Institute’s Project Management Body of Knowledge (PMBOK).