Project Management/PRINCE2/Initiating a Project

PRINCE2 Pre-Project Initiation stage Delivery stages (usually multiple) Final stage
Directing Starting Up a Project (SU) Directing a Project (DP)
Managing Managing a Stage Boundary (SB) Closing a Project (CP)
Initiating a Project (IP) Controlling a Stage (CS)
Delivering Managing Product Delivery (MP)

Left to right represents time. Top to bottom represents decreasing decision-making power.

Initiating a project creates the following products:

Project Initiation Documentation
Includes the following products (some of which are carried over and finalised from their initial forms that were created in the Starting Up a Project stage): Project Definition; Business Case; Role descriptions; Configuration Management Strategy; Risk Management Strategy; Communication Management Strategy; Project Plan.
Risk Register
Issue Register
Quality Register
Benefits Review Plan
Configuration Item Records
All of the preceeding products have a Configuration Item Record created for them. These live in the Configuration Library.