Initiating is 1________ because if the project doesn’t have 2_________ foundations, then it just shouldn’t happen. So you have to look at the project as a whole and ask yourself: Is the project feasible? Will it add value? One way to get the answers is by preparing a project 3________ , or project charter, which 4___________ the purpose and the strategy behind the project. Once you’ve done that, then the next 5__________ , planning, becomes much easier. When you plan, you have to do a lot of things—allocate resources, 6__________ costs, prepare a budget and time schedule, and, above all, 7_________ the risk factor. Perhaps equally important is selecting the 8__________ because if you’ve got the right people working together, you’re more likely to succeed. If the first two phases have been well prepared, then executing should be 9__________ easy, especially if you’ve thought through the 10__________ problems and developed contingency plans if things go wrong.