Assignment DescriptionTo complete this assignment, as individual assignment:The goal of this assignment is to simulate real$-$world project management scenarios by planning a graduation event using key project management techniques. You will be tasked with creating a Work Breakdown Structure $($WBS$)$ to break down the project into manageable tasks. And then estimate activity durations using PERT technique, considering optimistic, likely, and pessimistic time estimates.Once the initial schedule is established, you need to calculate the overall duration of the project and highlight the critical path activities.Then you will identify activities that can be crashed to reduce the project duration by $3$ days. Then, you need to analyse the implications of doing so$.$Submission Guidelines: Prepare your assignment in a digital format, either as a Word document or a PDF$.$ Clearly label each section according to the assignment requirements $($WBS$,$ PERT Timing, PERT Duration, Crashing Analysis, Crashing Implementation$).$ Include any supporting documents or Excel sheets used for PERT calculations. Submityourassignmentviathedesignatedonlineplatformoremailaddressprovidedby the instructor. Ensure your submission is complete and well$-$organized to facilitate grading. Late submissions may incur penalties, so make sure to adhere to the deadline specified by the instructor. Submission Deadline: $17$th March $2024$ Grade Distribution:Weight out of total grade: $15\%$Marking Rubric:$1.$ Work Breakdown Structure $($WBS$)$ Creation $(3$ marks$)$ Student effectively creates a WBS for the graduation event, breaking down the project into manageable tasks. Each task is clearly defined and logically organized under relevant categories$\mathrm{.}2.$ PERT Timing Estimation $(4$ marks$)$ For each activity, student accurately defines three timing estimates: most optimistic, most likely, and most pessimistic. Demonstrates understanding of PERT technique in estimating activity durations$\mathrm{.}3.$ PERT Duration Calculation $(3$ marks$)$ Student correctly calculates the duration for each activity using the PERT formula. Utilizes appropriate tools such as Excel templates to perform calculations efficiently$\mathrm{.}4.$ Crashing Analysis $(3$ marks$)$ Student explains the concept of crashing and its application in project management. Considers relevant factors such as cost$,$ resource availability, and impact on project schedule while deciding which activities to crash$\mathrm{.}5.$ Crashing Implementation $(2$ marks$)$ Student demonstrates the ability to identify critical activities for crashing. Provides a clear explanation of how crashing will reduce the projectduration by $3$ days.