You are a project manager at a leading technology company, tasked with overseeing the development and launch of a new mobile application. The application aims to revolutionize how people manage their daily tasks and schedules by integrating advanced AI algorithms for personalized organization and time management. Assignment Task: As the project manager, your task is to analyze recent project management trends and apply appropriate techniques to develop comprehensive project plans for the successful execution of the mobile application development project. Your plans should align with the following learning outcomes: 1. Critically Analyze Project Parameters and Identify Key Processes: Evaluate the scope, objectives, and stakeholders' expectations of the project. Identify key project parameters including scope, schedule, budget, quality, and risks. Analyze recent project management trends and methodologies applicable to the digital product development context. Communicate effectively with key stakeholders to ensure alignment and understanding of project goals and requirements. 2. Generate and Analyze Project Flow, Resources, Timelines, and Budget Requirements: Develop a comprehensive project flowchart outlining the sequence of activities from initiation to project closure. Allocate resources efficiently considering team members' skills, availability, and roles. Create detailed timelines specifying milestones, deliverables, and dependencies. Estimate budget requirements for various project phases, considering costs associated with personnel, technology, marketing, and contingency. Deliverables: Your submission should include the following deliverables: 1. Project Analysis Report: Analysis of project parameters, including scope, objectives, stakeholders, and recent project management trends Communication plan detailing how key project information will be shared with stakeholders (500 words). 2. Project Plans: Project flowchart illustrating the sequence of activities from initiation to project closure. Resource allocation plan specifying team members' roles, responsibilities, and allocation percentage. Detailed project timeline highlighting milestones, deliverables, and dependencies. Budget estimation for each project phase, including a breakdown of costs. Assessment Criteria: Your submission will be evaluated based on the following criteria: Clarity and depth of project analysis. Alignment of project plans with identified project parameters and recent project management trends. Effectiveness of communication plan for engaging key stakeholders. Victorian Institute of Technology www.vit.edu.au CRICOS Provider No. 02044E, RTO No: 20829 Page | 10 Completeness and accuracy of project plans, including flowchart, resource allocation, timeline, and budget estimation