Six Sigma Global Institute (SSGI) Project Management Professional Certification Practice Exam

Which of the following is considered a preliminary part of an Initiation Document?

1. Risk Assessment

2. Budget

3. Project Scope

4. Preliminary Business Case

The correct answer is: Preliminary Business Case

The preliminary business case is indeed a foundational component of an initiation document. It serves to justify the project by outlining the rationale behind it, including the expected benefits, costs, and alignment with organizational goals. The preliminary business case helps stakeholders understand the value of the project from its inception, making it essential for obtaining initial approval and support. In contrast, while other elements such as risk assessment, budget, and project scope are important components of project planning, they typically arise during subsequent stages of project development. The risk assessment involves identifying potential risks that could impact the project, which usually follows after a project is initiated. The budget is developed based on detailed planning and estimation of resources, costs, and timelines, usually initiated after a project is confirmed. The project scope defines the work required to complete the project, and it is refined after initial project approval based on a more detailed exploration of goals and deliverables. Thus, the preliminary business case stands out as the initial and justifying document before delving into these more detailed aspects of project planning.