Company Overview: Susans Consulting Company (SCC) has beertin business for ten years and has experienced a significant turnover in the project management group, which has prompted senior leadership to investigate. A preliminary review by senior leadership has determined that Project Managers are frustrated with the amount of required project management documentation, which has impacted their ability to manage projects succossfully. A recent review of the project management process has determined that SCC has spent between 3040% of its total project budget on projects' overhead costs including project management costs. A review of industry standards is between 515% higher than most companies. In addition, senior leaders found that projects are being delivered between 25% and 50% over budget and late 95% of the time. Note: Project Management overhead includes the PM's time managing the project, attending moetings, and doveloping the required documentation. Request SCC has reached out to your team because you are experts in defining project management processes and deivering projects on time. The SCC request includes the following: - The development of a new project management process which at a minimum should include the following: - The abiity to track issues, risks, and changes - The abillty to view project activities includes the abiity to viow what has beon completed and what activitios the teart is curranify working on and what will be dorie over the next reporting period 6. The ability to view the project costs to include what has been spent to date, baseline budgot, any changes to the budgot, remaining budget, and cost of the project at completion - In addition, to builing a now projoct manapement process, SCC would like you and your team to manage a project using the new process. Prior to bringing your team on board, company maragement determined estimates for initial development cests, benefits, and the projected time to complete each application. Assignment: Step 1: Identity a project manager - this individual is rosponsible for the team assignment ensuring that team members are completing their assignod work and will be responsible for turning in the assignment. Genera: Note: Your instructor will act as the sponsor both for the project and for the methodology build-out. Any questions should be directod to me. Step 2: Build a Mothodology - Identify and describe the methodology to be used by the company. This should include both a narratie and a pictorial repersentation of the methodology. - Identify and describe at least 5 deliverables for your process. - Identify and describe the proposed revien and update process for your methodology. - Identify one or more priontization techniques that will be used to prioritizo work - exaimples can be PV, IRR. NPV, Pay Back Period, and/or dot voting - Identify at least 35 risks a company should think about when idensifying a new methodology - Description of the risk - Mitigation Strategy - Identify the Organization Structure for the organization that will support the project create. a piciorial and narrative description of the organizational structure for the project