Project Approval
Project Approval is the process by which a proposed project is reviewed and authorized by relevant stakeholders or decision-makers. This process typically involves evaluating the project's objectives, feasibility, budget, and potential risks. Approval ensures that resources are allocated effectively and that the project aligns with organizational goals.
Once a project receives approval, it can move forward into the planning and execution phases. This step is crucial for ensuring that all necessary permissions are in place, which helps to minimize delays and misunderstandings later on. Successful Project Approval sets the foundation for a project's overall success.