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Describe the contents of a project initiation document.
Contents of a PID (project initiation document):
• Terms of reference for example the concept of the report
• Scope and objectives of the project
• Organisational team structure needed and reporting procedures
• Cost estimates
• Time estimates
• Overview of some risks of the project
• Analysis of stakeholders to be sought and consulted along with
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requirements for direct contracting
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Backward Integration A strategy in which an organization builds competitive benefits by controlling the provider of the raw materials needed to make its products.
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