Good Practice: A project definition document should be prepared early in the project and formally signed off by the steering committee. This document defines the goals, objectives, benefits, deliverables, exclusions, assumptions, business sponsors, responsibilities, estimated costs, timescale and serves the following purposes:
The single best payoff in terms of project success comes from having good project definition early.
The number of projects that set out confidently with little or no idea of what they are supposed to achieve is truly astounding.
Some projects start out with a clear idea but lose track of it by the time they're 20% into the project.
Many proud, objective-orientated managers have a list of goals that are, on closer inspection, technology-driven, and not business-driven. They are headed for a successful project whose results will never be used.
Keep in mind that the aim of a project is results delivery, not as is often the case, construction activity. This means thinking about the products the project is in business to deliver.
Question 2: Have you defined and understood the business objectives and benefits?