Total Project Budget is $50,000 Phase 1: Project Initialization $3,500 1.1 Define Project Scope and Objectives: $500 1.2 Stakeholder Identification: $1,000 1.3 Project Planning: $1,000 1.4 Develop Project Charter: $1,000 Phase 2 : Research and Requirements Analysis $4,000 2.1 Gather data on Machine Monitoring and Vibration Data: $ 1,000 2.2 Identify Requirements for Machine Learning Algorithm: $ 1,000 2.3 Meet with Data science experts of company Y and sensors engineers: f 1,000 2.4 Identify Key Performance Indicators (KPIs): $500 2.5 Establish Data Collection Protocols: $ 500 Phase 3: Data Gathering and Preparation: $ 3,500 3.1 Create the Infrastructure for Data Collection: $1,000 3.2 Compile real time- data from Machine Monitoring Sensors: $1,000 3.3 Prepare vibration Data for Analysis: $1,000 3.4 Ensure Data Consistency and Quality: $500 Phase 4: Machine Learning Algorithm Development & 16,250 4.1 Collaborate with Company Y Data Science Experts: $ 3,000 4.2 Create Communication Protocols with Company Y: $ 1,000 4.3 Design and Develop Machine Learning Model: $ 4, 250 4.4 Model Training: $ 3,000 4.5 Test the Algorithm on Sample Data: $ 3,000 4.6 Verify and Improve the Model: $ 2,000Phase 5: Intelligent Prediction Tool Integration: $ 8000 5.1 Design and Develop Interface for Intelligent Prediction Tool: $2,000 5.2 Integrate the ML Algorithm into the Tool: $2,000 5.3 Conduct User Acceptance Testing Sessions: $2,000 5.4 Analyze Address Feedback and Improve the Tool: $2,000 Phase 6: Deployment and Rollout: $ 3,500 6.1 Develop Deployment Plan and Identify rollout phases: $ 1,000 6.2 Execute Deployment: $ 1,000 6.3 Monitor Initial Usage and Performance: $ 750 6.4 Address Immediate Issues and Concerns: $ 750 Phase 7: Monitoring and Optimization:f 3,500 7.1 Create Monitoring Mechanism: $1,000 7.2 Analyze the Performance of the system: $1,500 7.3 Gather User Feedback After Deployment: $500 7.4 Implement Continuous Improvement Strategies: $ 500 Phase 8: Documentation and Knowledge Transfer: $ 4,500 8.1 Document Processes of ML Algorithm: $ 1,500 8.2 User Manuals and Training Materials: $ 1,500 8.3 Knowledge Transfer Session: $1,000 8.4 Archive Project Documentation: $500 Phase 9: Project Closure: { 3,250 9.1 Evaluate Project Success: $750 9.2 Gather Lessons Learned: $1,000 9.3 Project Review Meeting: $750 9.4 Closing Contracts and Financials: $750