Suppose you are part of the team in charge of formulating a

new project of the organization Whole Lotta Money S.A. and has the

responsibility for carrying out a project development project proposal

digital innovation process in the organization.

To start, you must follow the life cycle of the project from inception to closure,

applying the concepts and techniques learned in class.

Step 1Stages of the life cycle of a project:Initiation: At this stage, you must clearly define the general objective and minimum 2specific project objectives, identify key stakeholders, and createa project scope. Provides a brief description of the objectives andimportance of the project.Planning: Develop a brief comprehensive project plan that includes adetailed schedule, an estimated budget, a matrix of responsibilities,a risk list and a communications plan. Make sure all of theseelements are aligned with the project objectives.Execution: Provide examples of activities that must be carried out in thisstage.Monitoring and Control: During the execution exemplification, perform aconstant monitoring of project progress. Identify any problems orrisk that arises and take measures to address them. Provides examples ofdecisions made at this stage.Closing: Develop a description of how the closing phase was carried out and howIt was ensured that all objectives were met.

Step 2Technical studyIt is important that as a future Project Management analyze data and informationfor decision making.Propose 2 scenarios that could occur during the development of the project. Toasta justification and description for each one.Step 3Analyze Economic StudyStep 4Risk analysisIdentify three potential risks associated with the project and classify them astechnical, financial and operational risks.Evaluate each risk in terms of probability and severity of impact.Provide mitigation risk mitigation strategies for each riskidentified.

A Initial Investment Cost of developing new software for the company Software licensing cost Specialized Hardware Cost Staff Training Cost Other Initial Expenses Total Initial Investment 125,000.00 25,000.00 36,800.00 12,000.00 4,500.00 203,300.00 =SUM({C2:C6) A E D Cash Flow Year Discounted Cash Flow Cash Outflow (Initial Investment) | 0| (203,300.00) (203,300.00)|=ct0 | 50,000.00 45,454.55 |=C11/(1+5B$16)"B11 60,000.00 49,586.78 |=C12/(1+5B516)7B12 ( Cash Inflow Cash Inflow Cash Inflow . . 70,000.00 Cash Inflow 80,000.00 Cash Inflow 90,000.00 | 55,882.92 |=C15/(1+$B516)B15 Discount Rate NPV 54,857.35 |=NPV(B16,C11:C15)+C10