Projects are usually initiated based on one or more of the following considerations:
Market needs or the requirements of a customer group
Strategic opportunities to achieve competitive advantage
Technological advances
Legal and regulatory requirements
Improvements in operational efficiency
Social or safety needs
Environmental issues
Top related Tools and techniques of Project Initiation
In Agile, co-location of teams is the preferred option because of the various benefits it offers such as osmotic communication, face-to-face communication and tacit knowledge.