• Approval of the project as a good idea.

• Approval of funding for the project.

• Approval of resources for the project.

It is asking a lot to ask someone to approve all of this without further analysis. That is why you should get approval for the idea now and pave the way for more analysis. You can identify the project leaders and develop the plan. This can lead to funding. The third stage is for management then to determine where the resources are going to come from. That is why resource issues are so important. You can approve something and throw money at it. But that does not make the project come true. You have to obtain the resources for the project.