Develop project charters that illustrate the high-level scope of the project as it aligns to organizational strategic needs Analyze internal and external stakeholder needs for efficiently navigating organizational structures Determine proper approaches to defining business requirements for aligning with business strategies Utilize project management software for effectively developing project management plans Develop key project management control documents for ensuring effective management plan scope descriptions Evaluate agile and waterfall methods for successful project execution Determine approaches for project closure that inform ongoing best practices in project management planning. I. Project InitiationA. Identify the economic, technical, and organizational feasibility of the project. For instance, how is the project a viable fit within the organization?B. Explain how the project aligns to the organization’s strategic goals utilizing the traceability matrix (in Mindedge).C. Develop a project charter that includes a high-level scope of what is to be accomplished.D. Create a high-level timeline and cost estimate to complete the project.E. Identify the concerns of the internal and external key project stakeholders.F. Compare the level of support from all key project stakeholders to inform the course of action resulting in success of the project.G. Complete the stakeholder analysis template.II. Project PlanningA. Determine the business requirements for the successful development of the project. Justify your choices.B. Establish who will provide the business requirements. What approach will be used to solicit the requirements from the subject matter experts?C. Categorize and organize the business requirements in a standard requirements template.D. Explain why the format for capturing requirements is important to the overall success of the project. Why would we consider requirements’traceability?E. Leveraging the business requirements, translate these requirements into a project schedule using project management software through theprovided template.F. Estimate the duration of project tasks using common business knowledge, and assign resources to complete each task.G. Refine your estimate of the project cost based on the duration of tasks and resources needed.III. Project ExecutionA. Determine the best implementation approach—agile or waterfall project—for the organization based on its organizational structure. Provideexamples to support your rationale.B. Explain how the project schedule can be resource leveled, fast-tracked, or crashed if needed based upon execution results.C. Propose communication approaches and the frequency that should be used to keep leadership apprised of the project execution. Includeexamples to support your claims.IV. Project ControlA. Describe how you will handle changes in scope to your project management plan. What change management process will be used? What keyinformation will be required for change requests?B. Describe the risk management process that is the best fit for effective project control over your plan.C. Explain how you will document issues and what process will be used to manage the issue to completion. Include examples to support yourclaims.V. Project CloseoutA. Identify what needs to be done to close your project management plan. Include examples supporting how you will minimize the chances ofoverlooking a step in the project process.B. Justify the need for a warranty period and how the project will transition to businessC. Complete a lessons-learned template for the case study project.