Fundamentals of Project Management

Write a 1500-1750 word essay addressing each of the following points/questions. Be sure to completely answer all the questions for each bullet point. There should be five sections, one for each bullet below. Separate each section in your paper with a clear heading that allows your professor to know which bullet you are addressing in that section of your paper. Support your ideas with at least three (3) citations in your essay. Make sure to reference the citations using the APA writing style for the essay. The cover page and reference page do not count towards the minimum word amount. 
Select a business-related project that will be launched, is currently in progress, or has been completed. Please apply the five project management phases to this project: Initiating, Planning, Executing, Monitoring & Controlling, and Closing. If you are currently not working with projects, please conduct research to identify a project, and follow the same instructions.

Please make sure to address the items below for this assignment. Your responses may vary depending on how far along your project is to completion. Regardless, please ensure that all items are covered.

1. Why was the project initiated? How does the project align with the mission and vision of the organization? What is the business case?
2. What is the scope of the project? What are the identified risks? Please discuss the value of creating a work breakdown structure (WBS) for this project. How were time and cost estimates made?
3. How will resource (i.e., people, capital, equipment, technology, supplies, physical space, and so on) performance be tracked? Discuss the medium and format used by the project manager to communicate with the stakeholders. How were contracts awarded, if any?
4. Did the project experience cost overruns, schedule delays, or scope creep? Given that most project will experience one or more of these challenges, how were they handled? What metrics were used to measure project performance? How were the metrics communicated to the key stakeholders?
5. Discuss the closing process for this project? Who collected the lessons learned and where were they stored? Describe the process taken to transition the unique product, service, or result to the customer.