identify a project initiative related to one of the following topics:

• digital transformation,
• Web 3.0,
• disruptive change,
• mergers and acquisitions,
• pandemic (e.g., COVID-19),
• biotechnology,
• space exploration,
• circular economy, or
• sustainable business practice.

The project is a new initiative and not an ongoing project or a project that has taken place.

The project should not take more than two years to complete.

The maximum budget for the project is $10 million.

It is recommended to use a planning tool to create the Work Breakdown Structure and project schedule. Examples of tools are Microsoft Project, Microsoft Excel, Smartsheet, Wrike, Asana, Monday, Trello, etc.

Solve

• State the name of the project;
• Provide an executive summary of the project;
• Briefly discuss the business justification for the project;
• Identify the objectives and expected outcome of the project;
• Clarify the solution scope of the project; and
• Estimate the total project budget that includes project costs for implementation resources, including a 10% contingency budget. If required, reflect any costs associated with vendor services, software, hardware, licensing, training, warranty, or miscellaneous fees.