2-2) Cost management planning Develop and aggregate the cost of resources needed to complete each activity, and determine the detailed budget of the project. Your cost estimation must incorporate relevant resources given in Table 3 for each phase of the given activities. Develop and justify the resource allocation and cost management planning components in your Cost Management Plan. . Present your final budget to the client: the Blue Bank, and ensure 30% of the profit (before tax) as minimum for FTI. Assume Blue Bank will agree to pay maximum $250K for the project. Both detailed cost estimation and a baseline must be produced in alignment with the project schedule. Assume it is now the 20th day into Phase 4: On-site delivery, perform an Earned Value Analysis (EVA) to demonstrate the project progress. (Bonus item)Name Duration Start Finish Actual Cost Predecessors 30 Apr 23 7 May 23 14 May 23 21 May 23 S S M T WT F S S M T WT F 5 5 M T WT F S S MT WT F 5 5 phase 1: Client diagnosis 123 days 2/05/23 8:00 AM 19/10/23 5:0... $0.00 W N P FTI business development executives for potential service 1 day 2/05/23 8:00 AM 2/05/23 5:00 PM $0.0 FTI consultant internal briefing 2 days 3/05/23 8:00 AM 4/05/23 5:00 PM $0.00 25S+1 day A client meeting for problem/risk identification 12 days 5/05/23 8:00 AM 22/05/23 5:00 PM $0.00 3 agreement and contract with cooling off period of 5 days 5 days 30/05/23 8:00 AM 5/06/23 5:00 PM $0.00 4FS+5 days 6 phase 2: Structure of FTI project team 112 days 17/05/23 8:00 ... 19/10/23 5:0. $0.00 BDE appoints project manager 2 days 30/05/23 8:00 AM 31/05/23 5:00 PM $0.00 5SS 8 project manager forms a team 8 days 1/06/23 8:00 AM 12/06/23 5:00 PM $0.00 7 9 project team skills mapping 5 days 14/06/23 8:00 AM 20/06/23 5:00 PM $0.00 8FS+1 day 10 conduct project team and consultant workshops 15 days 21/06/23 8:00 AM 11/07/23 5:00 PM $0.00 9 11 assign and agree responsibilities 3 days 11/07/23 8:00 AM 13/07/23 5:00 PM $0.00 10FF +2 days 12 phase 3: Production plan 112 days 17/05/23 8:00 ... 19/10/23 5:0.. $0.00 13 explore blue bank issues 12 days 17/05/23 8:00 AM 1/06/23 5:00 PM $0.00 45S+8 days 14 examine FTI's existing risk framework 5 days 2/06/23 8:00 AM 8/06/23 5:00 PM $0.00 13 15 research current risk management practice in industry a 15 days 6/06/23 8:00 AM 26/06/23 5:00 PM $0.00 145S+2 days 16 customise a risk framework for the blue bank 6 days 27/06/23 8:00 AM 4/07/23 5:00 PM $0.00 15 17 modify existing frameworks to fit in the new one 3 days 11/07/23 8:00 AM 13/07/23 5:00 PM $0.00 11FF; 16 18 check APRA compliance 5 days 7/07/23 8:00 AM 13/07/23 5:00 PM $0.00 17FF 19 inalise the product 3 days 19/07/23 8:00 AM 21/07/23 5:00 PM $0.00 18FS+3 days 20 phase 4: On-site(blue bank) delivery 45 days 27/07/23 8:00 ... 27/09/23 5:0. $0.00 21 demonstrate the FTI blue bank risk framework 3 days 27/07/23 8:00 AM 31/07/23 5:00 PM $0.00 19FS+3 days 22 explain implementation roadmap 2 days 1/08/23 8:00 AM 2/08/23 5:00 PM $0.00 21 23 key risk management personnel nomination 5 days 3/08/23 8:00 AM 9/08/23 5:00 PM $0.00 22 24 conduct responsibilities workshops 15 days 3/08/23 8:00 AM 23/08/23 5:00 PM $0.00 235S 25 FTI and bluebank system integration and adaption 20 days 24/08/23 8:00 AM 20/09/23 5:00 PM $0.00 24 26 de-bug (discrete work) 5 days 14/09/23 8:00 AM 20/09/23 5:00 PM $0.00 25FF .- - -I--26 de-bug (discrete work) 5 days 14/09/23 8:00 AM 20/09/23 5:00 PM $0.00 25FF 27 launch and manage a pilot work 5 days 21/09/23 8:00 AM 27/09/23 5:00 PM $0. 00 26 28 Project de-brief for blue bank senior management 2 days 26/09/23 8:00 AM 27/09/23 5:00 PM $0.00 27FF 29 Phase 5: evaluation and closure 21 days 21/09/23 8:00 ... 19/10/23 5:0.. $0.00 30 evaluation platform set-up 5 days 21/09/23 8:00 AM 27/09/23 5:00 PM $0.00 26 31 feedback data collection FTI 10 days 28/09/23 8:00 AM 11/10/23 5:00 PM $0.00 30 32 feedback data collection bluebank 10 days 28/09/23 8:00 AM 11/10/23 5:00 PM $0.00 315S 33 problem solving and/or dispute 5 days 12/10/23 8:00 AM 18/10/23 5:00 PM $0.00 31 34 closure and signoff 1 day 19/10/23 8:00 AM 19/10/23 5:00 PM $0.00 33