What are the objectives of Initiation processes?

Initiation processes are performed in order to develop the project charier and Identify stakeholders.

Initiation processes are performed in order to obtain budget approval for a project or phase and approve scope with customers.

Initiation processes are performed to identify business objectives for a project or phase and identify stakeholders' goals.

Initiation processes are performed to map initial requirements for a project or phase and prioritize them with stakeholders.