Entry and exit criteria are a must for the success of any project. If you do not know where to start and where to finish then your goals are not clear. By defining exit and entry criteria you define your boundaries.
For instance, you can define entry criteria that the customer should provide the requirement document or acceptance plan. If this entry criteria is not met then you will not start the project. On the other end, you can also define exit criteria for your project. For instance, one of the common exit criteria in projects is that the customer has successfully executed the acceptance test plan.