Project Initial Definition Statement Project Name: Prepared By: Date: Version Number: 1. Purpose What’s the reason/need/ opportunity/problem/benefits? We are undertaking this project because … 2. Goal Statement of what’s to be delivered. To … 3. Scope Main work to be undertaken to To achieve the project goal, the following work needs to achieve the goal. List using brief be scheduled: verb-noun descriptions. It’s a high-level work breakdown, sometimes referred to as a Statement of Work (SOW). Think through the entire project lifecycle and record main tasks. 4. Exclusions Things that might be assumed into the project if not specifically mentioned as outside project scope. On this occasion, the following are outside project scope: 5. Cost Conceptual estimate range. Estimated maximum: $ Estimated minimum: $ 6. Time Describe over what period the project is to be undertaken (ie, elapsed time) and/or completion deadline. 7. Quality What performance standards will apply. How will we measure success? KPIs? 8. Driver Top parameter? 9. Stakeholders Identify people or parties with a stake in the project. This document is typically prepared by the project sponsor or business analyst as a basis for further evaluating the proposed project’s acceptability and feasibility. 2