PMP standards provided to you by your course instructor, you will map the major sequential components of IT project management as it relates to the business scenario provided to you and provide an explanation of your approach to managing this project. You will be required to provide evidence of understanding of the sequential components of IT project management in a real context. Using the scenario provided, fill in the following components: 1. Needs assessment - One paragraph . Organizational needs vs Tech needs . Budget (one $ figure): how much do you think the project will cost . Identify stakeholders - no details, just list the categories . Why does this company need an IT project? 2. Initialization Stage - One Page document . Charter (who is in charge, what's the end goal, rough timeframe/rough budget) 3. Planning Stage - One to three pages . Note: the weekly checklist contains details on what is expected for this stage . Scope (determine what is in scope/out of scope) . Schedule . Costs & Purchasing . Human Resources (aka Hiring) . Sub-contracting . Stakeholder management - More detail than the needs assessment 4. Execution Stage - 0.5 to 2 pages . Explain how you are going to Acquire, develop and manage the project team . Explain what communications are necessary for this project and give at least one example 5. Closing - 0.5 to 1 page4145/Home # including the title and references. Scenario 1: Spiral drilling Ltd. Spiral drilling has a Calgary office and four oil rig drilling sites. They need to keep track of the salaries of all their staff, as well as provide them with technology to do their work. The sponsor, Jeck Bozos, would like you to provide technology recommendations before the project begins, as well as a project plan. All employees will need new equipment, and the company will need some form of data storage. They have hired you as PM to deploy this project. Scenario 2: Mushy soap and bodyworks "Mushy Soap and Bodyworks" is a retail company based in Edmonton. They need a point of sale system to keep track of all their sales. They also need to keep track of the salaries of all their staff, as well as provide them with technology to do their work. The sponsor, Lassy Winfray, is also the owner of the company and is opening a new location. She no specific timeframe, but has an overall budget of $25,000 and she would like you to make a project plan together. They have hired you as PM to deploy this project. Additional source material https://globalnews.ca/tag/alberta-oil-drilling/ https://www.lush.ca/en/home