Project Initiation is the first stage of the Project Management Life Cycle (PMLC). In this stage, the project is defined, and the initial groundwork is laid for the project. 

Here are some of the key activities that take place during project initiation: 

1. Identify the Project: The first step in project initiation is to identify the project. This involves understanding the business need or opportunity that the project aims to address. This might be a customer need, a regulatory requirement, or a business objective. 
2. Conduct a Feasibility Study: The next step is to conduct a feasibility study to determine whether the project is viable and achievable. This might involve assessing the technical, financial, and resource requirements of the project and determining whether they can be met. 
3. Define the Project Scope: Once the project is identified and the feasibility is confirmed, the project team must define the project scope. This involves identifying the project deliverables, objectives, and constraints, as well as determining what is included and excluded in the project. 
4. Define the Project Objectives: In this step, the project objectives are defined. The objectives should be specific, measurable, achievable, relevant, and time-bound. These objectives serve as the basis for planning and executing the project. 
5. Develop a Project Charter: The project charter is a document that formally authorizes the project and outlines the project’s scope, objectives, constraints, and stakeholders. It also includes the project manager’s authority and responsibilities. 
6. Identify Stakeholders: Stakeholders are individuals or groups who are impacted by the project. During project initiation, stakeholders are identified, and their needs and expectations are assessed. The project team develops a stakeholder management plan to ensure that stakeholders are engaged, and their needs are addressed throughout the project.

Project initiation is a critical stage of the PMLC. It sets the foundation for the project and ensures that the project is aligned with the organization’s strategic objectives. By completing the activities in project initiation, the project team can ensure that the project is viable, well-defined, and well-planned, which is essential for successful project execution.