Analysis of the situation ?

 Identification of organizational strategies, goals, and objectives;  Identification of root cause(s) of the problem or main contributors of an opportunity;  Gap analysis of capabilities needed for the project versus existing capabilities of the organization;  Identification of known risks;  Identification of critical success factors;  Identification of decision criteria by which the various courses of action may be assessed; Identification of a set of options to be considered for addressing the business problem or opportunity. Options are alternative courses of action that may be taken by the organization. Options may also be described as business scenarios