The document outlines eight steps for successfully initiating a project through creating a thorough project charter: 1. Define the project purpose and business need. 2. Identify a sponsor and board to support the project. 3. Establish the project scope by defining what will and won't be delivered. 4. Determine the benefits and value created through tangible and intangible measures. 5. Establish specific, measurable success criteria and measures. 6. Identify potential constraints like resources, competing projects, and technology. 7. Document key assumptions to obtain feedback. 8. Get feedback from stakeholders and sign off on the project charter.