For the ATM installation at MITT Project Shedule Plan, Please explain each of the given point for me in a simple way for me to understand. Project Schedule Plan (6 Months)

Month 1: Project Initiation and Planning

• Week 1: Project Kickoff
  • Assemble the project team.
  • Initial stakeholder meeting to confirm project objectives and scope.
• Week 2-3: Detailed Project Planning
  • Develop a comprehensive project plan, including detailed scope, schedule, and resource allocation.
  • Identify and engage with potential financial institution partners.
• Week 4: Risk Management Planning
  • Identify potential risks and develop mitigation strategies.

Month 2: Feasibility Study and Site Selection

• Week 1-2: Site Analysis
  • Conduct surveys to identify potential ATM locations.
  • Assess security requirements and connectivity options at each site.
• Week 3: Selection and Approval
  • Finalize site selection based on feasibility study.
  • Obtain necessary approvals from MITT administration and other stakeholders.
• Week 4: Design Preliminaries
  • Start preliminary design work on site layout and ATM network architecture.

Month 3: Design and Regulatory Compliance

• Week 1-2: Detailed Design
  • Finalize the ATM model and specifications.
  • Complete the design of the physical layout, security system, and network infrastructure.
• Week 3-4: Compliance and Permits
  • Ensure design complies with banking regulations, data protection laws, and ADA standards.
  • Begin the process of obtaining necessary permits and regulatory approvals.

Month 4: Procurement and Site Preparation

• Week 1-2: Procurement
  • Procure the ATM machine and necessary components.
  • Finalize contracts with the chosen financial institution and security service providers.
• Week 3-4: Site Preparation
  • Conduct any necessary construction or modifications to the installation site.
  • Prepare the site for ATM installation, including electrical and networking infrastructure.

Month 5: Installation and Testing

• Week 1-2: Installation
  • Install the ATM and ancillary equipment.
  • Set up network connectivity and integrate with the financial institution's systems.
• Week 3: Testing
  • Conduct a comprehensive series of tests to ensure functionality, security, and network integrity.
  • Address any issues identified during testing.
• Week 4: Staff Training
  • Train MITT staff on emergency procedures, basic troubleshooting, and maintenance routines.

Month 6: Launch and Post-Installation Activities

• Week 1: Soft Launch
  • Begin a soft launch period for the ATM to monitor performance and gather initial feedback.
• Week 2-3: Public Launch
  • Officially launch the ATM with promotional activities to raise awareness among students and staff.
  • Monitor ATM usage and address any immediate concerns.
• Week 4: Project Review and Closure
  • Conduct a post-installation review to evaluate the project's success against objectives.
  • Document lessons learned and formally close the project.
  • Transition to ongoing maintenance and monitoring phase.