PART A - Operational Project - 10 Marks (500 Words) Formula 1 Grand Prix: Where to next The popularity of Formula 1 Grand Prix has increased dramatically over the past decade. The increased popularity has seen many new circuits and events added the F1 calendar in recent years including Bahrain, Jeddah, Miami and Las Vegas. Suppose there has been a new F1 Grand Prix licence given to a new city (of your choice) and you have been asked to manage the creation of this enterprise from the building of a circuit to the race day experience. The new circuit is due to have its first race in 2025. Source of ideas: https://www.forbes.com/sites/timnewcomb/2022/05/02/how-miamis-debut-formula-1-race-cametogether-from-track-to-food/ https://www.forbes.com/sites/maurybrown/2023/03/29/inside-the-numbers-that-show-formula-1spopularity-and-financial-growth/ Before you embark on the main project, assess the following aspects and set up of the project: Operational Project: Outline the scope of the project Evaluate your natural leadership style and how you will use it to lead the project Suggest a project management methodology and integrate it with the leadership style Estimate the budget of project Describe how you would assess the project risk using predictive project analytics (PPA) Evaluate possible human resources involved, and associated factors, e.g. workstyles, training & cultural fit Find at least five references for this section to support your idea. Use Harvard referencing with regard to including these references in your report.