PROJECT MANAGEMENT PLAN Base on the business case below (attachment file), develop a project management plan. The project management plan is a stand-alone document that the Project Sponsor will use

PROJECT MANAGEMENT PLANBase on the business case below (attachment file), develop a project management plan.The project management plan is a stand-alone document that the Project Sponsor will use to assist in obtaining Project Stakeholder sign-off. Amongst other things, it should present management plans related to ten knowledge areas and project process groups, such as executing, monitoring and controlling and closing the project.Because the advancement of your project could really depend on this plan, you’ll want to make sure that it is as succinct, accurate, informed, and of course, as professionally presented as possible.Word CountMaximum 2000 words for 1 and 2 only (excluding Appendix). Tolerance for word count is ± 10%)1.    Project Feasibilitya.    Discuss the feasibility of the project.               i.         Include a detailed and defined SWOT analysis             ii.         How likely is it to penetrate the market?b.    Known constraints – (Identify at least 5 constraints about the product / service)2.    Project Stakeholders’ Management:a.    Describe the specific target(s) / users of your project, including:-      Who would use it?-      What would they use it for?-      How would they use it?b.    Describe the additional internal and external stakeholders within the projectc.     Provide a stakeholder register for the project.Business Case – prefer the attachment file!Executive Summary Products/ServicesThe project’s product is an online platform which advertises goods and services mainly for Charles Darwin University (CDU) students. The goods and services can be advertised by fellow students or by local NT businesses, typically at discounted price.Services on the platform can includes: jobs, accommodations, information on networking events, etc.Product on the platform can includes: household appliances, vehicles, textbooks, second-hand products, etc.Mission Statement/ PurposesProvide an intermediate platform for all stakeholders to connect with each other on different demands, needs and create a better online experience for students in general when study at Darwin.Quantitative Analysis Weighted Scoring Model Selection of Model and CriteriaThe two most popular methods for project selection is NPV Analysis and Weighted Scoring Model. With NPV Analysis, it is less subjective and depends more on projected statistical information on the cash flow and assumptions on discount rate to determine the potential project. However, deciding a correct cash flow and discount rate can be challenge especially in an instability time like this (COVID-19 pandemic). As a result, Weighted Scoring Model is a better choice as it consider more about the stakeholders’ satisfaction and business priority strategies.   The purpose of the website is to create a place where students, local businesses, governments and university staffs can meet and share opportunities with each other. There are some alternative projects which can serve the same purpose as our project. For instance, instead of building an online presence with a website, we can organise a connect event where all of our target customers can meet each other. Another choice is to integrate a sub community on integrated platform such as Facebook, Gumtree, Flatmates and CDU platform.We will concentrate on comparing these three choices of our approach. We chose four main categories including costs, deploy time, quality of final product, and future uses as our criteria in choosing between different projects. Our costs involve the total upfront costs that we have to pay before commencing the project and will be one of our important criteria considering limited resources from our project sponsors. Deploy time is also a considering factors, however, it will not be our main concern as it can varies a lot between different these types of projects. Another essential element is the quality and quantity of our final product, it will largely determine the future uses, which is another criterion, and affect our future revenues. The future uses concern with whether future benefits for this project and whether this can develop into a larger scale project.