Please provide simple explaination for each point to enable me explain them in class "

Work Breakdown Structure (WBS)

1. Project Management
   • 1.1 Project planning and scheduling
   • 1.2 Stakeholder management
   • 1.3 Risk management
2. Feasibility Study
   • 2.1 Demand analysis
   • 2.2 Location scouting
   • 2.3 Security and network analysis
3. Design & Planning
   • 3.1 ATM specification
   • 3.2 Layout design
   • 3.3 Network planning
4. Procurement
   • 4.1 ATM and component sourcing
   • 4.2 Financial institution partnership
   • 4.3 Permits and approvals
5. Installation
   • 5.1 Site preparation
   • 5.2 ATM installation
   • 5.3 Network setup
6. Testing & Launch
   • 6.1 Functional testing
   • 6.2 Security verification
   • 6.3 Staff training
   • 6.4 Public launch
7. Maintenance & Monitoring
   • 7.1 Regular maintenance
   • 7.2 Activity monitoring
   • 7.3 User support"