A project manager is initiating a new project. Why is it important to review existing artifacts at this stage?
To allocate the necessary resources for project tasks.
To establish clear roles and responsibilities for team members.
To gather historical data that can inform planning decisions.
To finalize the project's budget and timeline.
Reviewing existing artifacts during the initiation phase helps the project manager gather valuable historical information, lessons learned, and data from previous projects. This knowledge informs better planning and decision-making for the current project. While establishing team roles, allocating resources, and finalizing budgets are essential steps, they are typically addressed later during the planning phase and are not directly achieved by reviewing existing artifacts.
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