What is the first step in a project lifecycle?

The first step in a project lifecycle is initiation. This phase is crucial as it sets the foundation for the entire project. During initiation, project objectives are defined, stakeholders are identified, and the feasibility of the project is assessed. This step ensures that everyone involved has a clear understanding of the project's goals, scope, and potential impact.

Initiation also involves the creation of a project charter, which formally authorizes the project and outlines key information such as project background, objectives, and preliminary resource requirements. Establishing a strong initiation phase is essential for guiding the project through its subsequent stages, including planning, implementation, and closing. By focusing on this initial step, project managers can better manage expectations and align the team’s efforts toward successful project completion.