The Program Initiation Phase of the program life cycle includes the following tasks:
- Develop program charter using input from all stakeholders, including sponsors, in order to initiate and design program and benefits.
- Translate strategic objectives into high-level program scope statements by negotiating with stakeholders, including sponsors, in order to create a program scope description.
- Develop a high-level milestone plan using the goals and objectives of the program, applicable historical information, and other available resources (for example, work breakdown structure (WBS), scope statements, benefits realization plan) in order to align the program with the expectations of stakeholders, including sponsors.
- Develop an accountability matrix by identifying and assigning program roles and responsibilities in order to build the core team and to differentiate between the program and project resources.
- Define standard measurement criteria for success for all constituent projects by analyzing stakeholder expectations and requirements across the constituent projects in order to monitor and control the program.
- Conduct program kick-off with key stakeholders by holding meetings in order to familiarize the organization with the program and obtain stakeholder buy-in.
To learn the Portfolio Initiation you need:
- Read Chapter 7 of the Standard for Program Management, 4th Edition from the beginning to section 220.127.116.11 ‘Program Formulation’.
- Read Chapter 8 of the Standard for Program Management, 4th Edition from the beginning to section 18.104.22.168 ‘Program Scope Assessment’.
- Watch the video:
4. Test your knowledge to complete the Initiation Stage study.
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