To initiate a business project, follow these steps:
Identify the Objective: Clearly define what the project aims to achieve. Conduct a Feasibility Study: Assess the project's viability and potential return on investment. Create a Project Charter: Document that outlines the project's purpose, scope, and key stakeholders. Assemble a Team: Select team members with the necessary skills and experience. Develop a Project Plan: Detail the tasks, timelines, and resources required.