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Case Study: B&B Bliss with Doggy Delights

Ashley's Ambitious Project:

Ashley, a budding entrepreneur, aims to transform her spacious $5-$acre property outside the city limits into a unique bed and breakfast $($B&B$)$ with an on$-$site doggy daycare facility. The B&B must accommodate living quarters for Ashley, offer guest rooms with a shared kitchen and multiple bathrooms, and provide indoor and outdoor play areas for guests' pets. She has a budget of $$5,000,000$ and aims for a launch on Christmas Eve of the same year.

Instructions: Answer all parts of the following question in a clear and concise manner, demonstrating your understanding of project management principles and your ability to apply them to this specific scenario.

Part $2$: Time and Risk Management $(25$ points$)$

$(15$ points$)$ Given the aggressive timeline of launching the $B$&$B$ and doggy daycare by Christmas Eve, outline project breakdown and identify the critical path and explain its significance in managing project timelines.

$(10$ points$)$ Identify and describe three potential risks associated with this project, considering factors like permitting, construction, and market reception. For each risk, propose a mitigation strategy to minimize its impact on the project schedule and overall success.