In the initiating phase of a project, the project manager and team members are prioritizing...

In the context of Agile project management, which is often associated with PMP and PMI’s standards, the focus is on delivering value to the customer incrementally throughout the project lifecycle. This approach aligns with the Agile principle of delivering working software frequently, from a couple of weeks to a couple of months, with a preference to the shorter timescale. Therefore, after prioritizing the product backlog, the project manager should aim to produce a value-added product for the customer in each phase of the project, ensuring continuous delivery of value.