OBJECTIVE1. Apply concepts and principles of project management to a specific project in your industry of choice. Example of Industry: (Electrical Engineering, Construction)2. Work with secondary data when available and conduct field research as necessary (primary data) when secondary data is not available.This project must be in the form of a written report. The report must be in electronic format in MicroSoft Word (*.docx).PROCESS- (All items 1-14 must be included in report)1. Identify an industry where you want to research project management applications. Example of Industry: Electrical Engineering, Construction, etc..2. Identify a typical project in the Electrical or Construction industry that you want to work on based on an identified need. The project duration must span at least 4 weeks. For example, this could be construction of a building, or electrical work done for the building. It could be related to your work if you are currently employed within your chosen profession.3. State the objectives/deliverables and identify major milestones in this project.4. Develop the Work Breakdown Structure, and code the WBS.5. Link it to the Organization Breakdown Structure.6. List activity details including dependencies and build the Project Network/Gantt Chart in MS Project.7. Using PERT, determine required times to achieve a probability of on-time completion of 90%.8. Identify the major categories of risks involved in the project and develop risk mitigation measures.9. Identify important categories of resources required in this project, assign those resources, and resolve overloads. If possible, level the resources.10. Estimate the costs of the typical project.11. Justify the project using metrics discussed in class. (In other words, what is the expected IRR, payback period, NPV, etc.)12. Assume that senior management accepted an accelerated schedule. Crash the project duration by 20% based on the methods covered in class. (To the nearest whole day.) If this is physically impossible, then state the limitations and then give the best crash date.13. Resolve any resource issues and revise the costs. (Caution: Remember to consider effects of overhead.)14. Summarize the project and include Gantt chart(s). Include key computations & data in appendices.Grading Criteria (Report)• The project is about a significant problem, need, or business challenge within the Electrical Engineering or Construction industry.• Degree to which the report describes and analyzes the project along all steps listed above.• Degree of concrete and specific details rather than vague or generic statements.• Inclusion of all foundation material for your analysis-including computations, references, primary / secondary data, etc.