The initiating phase of the project life cycle starts with recognizing a need,

The initiating phase of the project life cycle starts with
recognizing a need, problem, or opportunity. Projects are identified in
various ways: during an organization’s strategic planning, as part of
normal business operations, in response to unexpected events, or as a
result of a group or individual deciding to organize a project.
Project Charters and Proposals
Once a project is selected, it is formally authorized using a
document referred to as the project charter or proposal. These two
documents are often slightly different. A project charter is often the
term used on internal corporate projects, while a proposal is often more
appropriate for external projects or services that are offered by
outside firms or vendors. Both documents also summarize the key
conditions and parameters for the project and establish the baseline
plan for conducting it. The sponsor or client must approve the document
in order for the project to proceed and receive funding.
Course Project Background
The goal of the course is for you to apply the fundamental
principles of the project management process to being your own project
manager on a small-scale project. As you progress through the
assessments in the course, you will apply the five project management
process groups and the Project Management Institute’s (PMI) areas of
knowledge to your personal project.
Select and start to formulate a project that you will use to complete the assessments in this course.
Project Topic: Build or renovate a house.
Preparation
Imagine that you are the manager for the project you have selected.
For this assessment concentrate on the initiation process group by
writing the project charter or proposal for a sponsor or client.
As you prepare to complete this assessment, you may want to think
about other related issues to deepen your understanding or broaden your
viewpoint. You are encouraged to consider the questions below and
discuss them with a fellow learner, a work associate, an interested
friend, or a member of your professional community. Note that these
questions are for your own development and exploration and do not need
to be completed or submitted as part of your assessment.
Why are you doing the project?
For whom are you doing the project?
What exactly are you going to do within the project?
Where will the project be completed?
Where will it be implemented?
How are you going to do it?
What are the objectives and goals of the project?
Directions
Create a proposal or charter for your project that effectively
captures the essence of the project. It should enable a strong
foundation for the project’s management and timely completion within
budget and describe the following items:
Customer need.
Assumptions.
Project scope.
Deliverables.
Resources.
Schedule (due date or major milestones only).
Price (general terms or budget only).
Risk.
Title your chosen document as either a “charter” for internally
sponsored corporate projects or as a “proposal” for projects that are
external to a business, for example, responses to RFPs. Each may have
slightly different components. For example, a charter might include a
business case, where none would be required with a project. Another
example might be that a charter would not include a profit margin in the
budget, while a proposal certainly would. For more information read the
Internet article Project Proposal vs Project Charter, found in the
Resources.
Additional Requirements
Length: The focus of the proposal should be on
quality of the content—clear, concise and convincing—rather than
quantity or number of pages. The project proposal can range from 4 to 8
pages double-spaced pages.
Font: 12 point Times New Roman.
References: Use proper current APA style and
formatting when citing and referencing your sources. Refer to the
Capella Online Writing Center’s APA Style and Format for more
information.

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