please help in asked question in picture by reviewing case study. the course is project management. thanks!

hon How this Canadian-born paper company thrives in a paperless era In July, 1918, a Torontonian named Roy Hill took a gamble. He borrowed $432 from a life insurance policy and $1,500 from his parents - who took out a second mortgage on their home to do it - to start his own business: He called it the Canadian Pad and Paper Company. Hill worked 16-hour days out of his Wellington Street office in downtown Toronto. He was the company's manager, salesman, shipper and paper cutter - and did it all using rented equipment. In the evenings his wife would streetcar to the factory to help package the shipments. Within two years, the Canadian Pad and Paper Company outgrew its offices and moved to a larger space nearby. Slowly but surely, Hill's gamble paid off. Business was thriving. Hill's cardboard-covered notebooks could be found in schools everywhere. Following the purchase of another envelope company in 1958, Roy Hill changed the name of the company to Hilroy Envelopes and Stationary Limited. The business moved yet again to - appropriately - an elementary school-looking building on Eglington West. Roy Hill - who remained chairman of the board well into old age - passed away in 1978, leaving behind a Canadian legacy. Hilroy's primary-coloured exercise books have been a staple in Canadian classrooms for the better part of a century. And here's the remarkable thing: The brand still produces 14 million of those notebooks a year - making it the largest stationary company in the country. It takes just 45 seconds to make a Hilroy notebook. But it takes years to build an iconic brand. It's amazing that a paper company can not only survive, but still thrive in a paperless era. QUESTION 3 You were in Hilroy office and saw a team working together. It looked like they were going through a process of forecasting or approximating the time and cost of completing project deliverables. In your opinion what do you think this team is working on? [1 mark]