Answer:
Once the initiation phase has begun and you have been granted the go-ahead, you must develop your project charter, also known as the project initiation document (PID). The Project Charter legally permits the project's existence, delegated power to the Project Manager, and documented the high-level requirements, milestones, and success criteria. The project charter defines the project's goal and requirements. It contains information such as business requirements, major players and stakeholders, scope, objectives, and general aims.
Step-by-step explanation:
The initiation phase includes all of the processes that must be completed before a project is approved and planning may begin. The idea is to define your project at a high level and connect it to the business problem you want to address. The project charter serves as a framework for defining project decisions and ensuring they are consistent with corporate objectives.