ACCA SBL Syllabus H. Innovation, Performance Excellence & Change Management - The Structures And Information To Successfully Initiate A Project - Notes ^{4 / 12}

Experience has shown that many projects fail because of weaknesses in project
identification and initiation:

An example would be not properly understanding the project’s implications

Structures therefore need to be in place for a successful initiation

These would include:

• a project budget

• a project timetable

• adequate resources

• a well resourced and chosen project team

Initiating a project

This process builds on the work of the start up process, and the project brief is augmented to form a business case