Option #2: Managing the Construction Project BudgetAssume you are managing a construction project with a schedule as shown in the textbook's Figure 3.5b. A budget of $24M has been assigned to it and you have distributed this budget among the project activities as follows:Percent of Budget Allocated (%)Utilities and Site Work0.13Structure0.35Envelope0.15Finishes0.08Systems0.25Closeout0.04Assuming that each project activity will consume it's budget uniformly throughout its duration, develop a cost flow diagram that shows the project budget expendable (per month) and the cumulative amounts (per month) in the form of a histogram that shows the values over time with monthly time periods.Assuming that project funds will be allocated per the below schedule, develop a cash flow diagram that shows the total funds received and the cumulative amounts in the form of a histogram that shows the amounts received over time with monthly time periods.Amount of funds allocated at the beginning of periodDecember$5,420,168March$3,551,597April$4,361,267May$7,759,354September$2,907,615Once you have developed the cost and cash flow diagrams, prepare a narrative to describe the function of cost and cash-flow diagrams as well as your findings in developing the cost and cash flow diagrams for the project in a reference. To do so, please describe, at the minimum, the following:a) How the budget is consumed over time;b) How the funds will be allocated over time; and,c) Whether funds are adequate to execute the project per the schedule shown in the textbook's Figure 3.5b.Paper Requirements:Your paper should be 1-2 pages long, not including the required title page and reference page. Nor does the page requirement include any supplemental pages, should you use them, such as appendices.Prepare your work using at least one of this week's recommended readings and one outside (not a reading from this course) reference. This outside reference should be a peer-reviewed, current scholarly article published in the last five years. The CSU Global Library is a good place to find these resources. Properly organize your writing and include an introduction, headings / subheadings for the body of your work, and a conclusion.Format your entire paper according to the CSU Global Writing Center (Links to an external site.).

Now you're getting into the heart of heart of your Family Resource Packet! Keep your chosen family in your mind as you develop this valuable resource devoted to managing human and environmental resources.This assignment has two (2) parts. In Part 1, you will assess the internal and external human resources that are available to your chosen project family. In Part 2, since you do not have access to your project family's home, you will examine the energy usage in your own home.1. Download and open the Human and Environmental Resources Worksheet provided below.File: Human and Environmental Resources Worksheet2. Part 1 of the worksheet focuses on Managing Human Resources. You will need to assess the internal and external human resources that are available to your project family, complete the table provided, then answer the reflection questions that follow the table.3. Part 2 of the worksheet is focused on Managing Environmental Resources. Since you do not have access to your project family's home, you will need to collect data about your own home in represent your project's family home.