The Project Manager's Toolkit: Project Initiation Template From Maritime Vintage: The Metaverse is the Marketplace

A Project Initiation Document (PID) is issued by the Project Sponsor. The PID formally authorizes the Project and provides a Project Manager with the authority to gain the resources, funding, and approval for the Project.

The main purpose of the PID is the formal authorization of the Project and the go-ahead to commit company resources to the Project; without a PID, the Project can be canceled anytime and can be subject to a health check audit as an unauthorized Project.

Larger projects will require a full Project Charter. The full Project Charter template can be found in Maritime Vintage’s Project manager’s Toolkit.

Without a Project PID, Projects will have no coherent direction. Project Managers will lack authority. Stakeholders’ expectations will not be managed. The scope of the Project will not be clearly defined.

The PID is critical to the success of a Project. The PID builds a foundation for the Project and Team. A PID is a great way to communicate with the Stakeholders and provides direction to the Project Team.

Benefits of a Project Initiation Document (PID):

-Grants authority to the Project Manager to complete the Project. -Explains to the business the importance and existence of the Project. -Demonstrates the executive's support for the Project. -Defines Project outcomes. -Aligns Project with the organization's objectives and organizational portfolios. -Provides a team with a clear concise reporting system. -Protects team members from scope changes. -Manages stakeholders’ expectations. -Authorizes the existence of the Project or establishes the Project governance. -Used to secure Project funding. -Defines Project governance and the parameters within which the Project manager is authorized to operate. -Gives the Project Manager authority to spend money and secure resources. -Provides the high-level requirements for the Project. -Links the Project to the ongoing operations of the organization.

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For additional Project Management Templates from the Maritime Vintage Project Managers Toolkit visit:

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