Part A - Project initiation The project initiation stage helps you understand and define the project, and essentially determines the 'who' of the project. In this task you will define the goals, outcomes and deliverables, whilst also identifying the stakeholders and communication requirements to ensure the success of your project. 1. Before defining your project, you must determine if the work you intend to compete is in fact a project. The Project Management Institute (PMI) defines a project as "a temporary effort to create value through a unique product, service or result." The following activities will assist in establishing your project parameters. Complete the table below to consider the four (4) project concepts and the tools you could use to plan and monitor project outcomes: Name of your Project Temporary - does it have a defined start and end date? Unique - is it different from ongoing work? Does it require a team, budget, schedule? Does it have a project goal? Start: End: Team requirements: Budget (if known): Goal: Identify two (2) project management tools you could use to manage your project. Tool 1: Tool 2: Give three (3) examples of how each of the above