According to the PMBOK Guide, the project manager should initiate the project by developing the project charter with the key stakeholders. The project charter should define the project objectives, scope, deliverables, success criteria, and high-level risks. The project charter should also establish the project vision, value proposition, and definition of done (DoD) for the agile project. The project charter should provide clarity and alignment among the project stakeholders and enable the agile team to deliver value to the customer in short iterations. Therefore, the project manager should schedule meetings with key stakeholders to build the agile project charter and set clear expectations for the project. References: PMBOK Guide, 6th edition, pages 18,
37, 75-76, 286-287.