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When embarking on a project, it’s essential to start with a clear understanding of its fundamentals. Begin by naming the project and outlining its specific objectives, providing a roadmap for what you aim to achieve and the strategic impact it will have. Assess how the project contributes to your organization’s overall success, ensuring it aligns with your long-term goals.
Identify key stakeholders who will play vital roles in project success, as their input and support are crucial. Define key performance indicators (KPIs) to effectively measure progress, using both leading and lagging indicators to track success. Lastly, thoroughly evaluate the project’s costs, both initial and ongoing, to ensure it represents a sound and worthwhile investment. This structured approach sets the foundation for a successful project.
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