Some other questions that would definitely need to be asked in the initiation phase of the project are:
1. Do I have the necessary resources to do this? If not, how feasible is it to obtain those resources.
While there may be a business need for your project, sometimes it is not financially feasible to get the resources you need to make it happen.

2. Which group of people am I going to have as my team?
This is extremely important because you would want people who have the proper skills and training to complete this project. You’d would want there to be as little room for error as possible and so you’d want to make sure your team can handle that and work in a timely fashion.