The first action recommended for a CEO with no prior project experience is to establish a framework that supports project success. This involves defining processes and practices that align with the organization's goals and resources, ensuring that projects are managed effectively from the start. A framework provides guidance on roles, responsibilities, and procedures, which is crucial for a startup to manage projects successfully1.
References: The answer is verified using the PMP Examination Content Outline, which emphasizes the importance of aligning project management practices with organizational objectives and resources1. Additionally, the PMBOK Guide supports this approach by outlining the standard for project management and the need for a tailored methodology that fits the organization's unique context2. The Professional in Business Analysis Reference Materials also highlight the significance of establishing a solid foundation for project management to ensure successful outcomes3.