The new initiative under digital transformation is the development of a new website for the company. The project background is that the company wants to update its website to a more modern design and improve its functionality. The project organization is that the project will be overseen by the company's marketing department. The project delivery approach is that the project will be completed in phases, with the first phase being the development of the new website. The project schedule is that the project will be completed over the course of six months. The project influence is that the project will have a positive impact on the company's online presence and its ability to attract new customers.

Based on the project background please describe

• 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.