1. [10 points] Why is it important to do a thorough and detalled job of needs identification? Describe in 100-200 words. 2. [10 points] Assume that you are a homeowner, and you have come across some extra money that you plan to spend a home improvement project. Describe the procedure that you would follow to identify a project. Describe in 100-200 words. List at least 3 the projects that you would consider. 3. [10 points] Refer Question 2. Out of the listed projects, you want to select one project to execute. Describe how you would select which project to work on when there are numerous projects that could be done. Discuss in 100-300 words. 4. [10 points] Refer Question 3. You have selected a project to execute, and you don't have to write a project charter. Which elements of a project charter would you use to help plan the project? Discuss in 100-200 words. 5. [10 points] What are the situations in which a business might develop a request for proposal? What are the situations in which an individual might develop a request for proposal? Describe 2 examples for each (business and individual). 6. [10 points] Would you give contractors instructions in the RFP to submit their proposals according to a standard format? Why or why not? Discuss in a paragraph of 100-200 words. 7. [10 points] Why is it important for a business to try to quantify the expected benefits of implementing a solution to a problem? Discuss in a paragraph of 100200 words. 8. [30 points] Select one project from following list. Then: a. Develop a sample project charter for the project. it should include the project title, purpose, description, objective, major deliverables, and major risks b. Develop an RFP for the above project. Be creative in specifying your needs. Feel free to come up with unique ideas for the RFP. It should include the statement of work, deliverables, due date, and a schedule. - Building a pool in your property. (You are the owner of the property and need a contractor) - Installing a new point-of-sale system in a restaurant. (You are the owner of the restaurant and need a contractor) - Advertising campaign for a new food delivery service. (You are the food delivery service provider. Need a contractor for marketing) - Hiring a photographer to cover a business event. (You are representing the business. Need a contractor as the photographer)