Instructions: There are no formal page requirements. However, as a general rule of thumb, I would expect to see, on average, at least two pages double spaced for question one and 3/4 page for each for numbers three and four. More than that may be necessary but an eight to ten page exam is the absolute maximum (not title page). On the other hand, be concise and do not incorporate irrelevant material nor expand unnecessarily into the answers unless the content directly builds your arguments. Develop the depth of critical thinking and support answers with reasons and evidence but be logical and concise. Answers should present arguments using the class materials, outside references, formulation and declarations of position statements, and distillation of the primary and fundamental issues, discussing the various possible solutions to the issues raised. Use of citations from a number of sources to support points with matching references in APA format will increase your score. Remember that to list a reference, it must be used in the text as a citation to avoid an APA violation and questions of academic integrity that arise when it is unclear how references were used. In other words, use evidence and logic to build arguments in answers which are well organized and structured to fully answer questions per above. Why is trust important in a project? How can lack of trust affect the project, team, and stakeholders? How can a project manager establish trust among the project team and stakeholders? Illustrate with an example (either hypothetical or real). (20 points)2.Why is alignment important? How can the project manager ensure alignment, and what can go wrong if alignment is not established? Illustrate with examples. (20 points)Read the case study “Maximum Megahertz Project” . ( Document is attached)(35 points for all parts.) a) What do you think Olaf Gundersen, the CEO of Wireless Telecom Company should do? Use what you know from the case and the course to build the arguments? (The answer will not be graded based on right or wrong but how the arguments are developed.) b) What are some potential conflicts that could result from the steps in recommended in a? How could you apply change management or conflict avoidance/resolution techniques to avoid or resolve these? c) Based on what you have learned in this class, what could have been done so that the project problems would have been avoided? (Of course, you do not have complete information but use what is here and what you have learned is best practice in managing projects.) (30 points)d) Costs and deadlines of the projects escalated in the Maximum Megahertz project. Why are accurate estimates critical to project management? What would you advise Olaf about his problems with estimate? How to develop a process that would result in more realistic estimates?e) How should Olaf improve project management in his organization? 4.Based on what you learned from the class, how do you access your abilities as a project manager? What are your strengths? On what aspects do you need improvement? Do you have an action plan to improve? What did you learn in the discussions that will facilitate your growth as a Project Manager. What steps can you take to make these improvements? (25 points)

all materials are in the following files.Hanna’s HandbagsHanna’s handbags Inc. (HHI) is a small business that is planning to begin operations on July 1, 2020 in Dartmouth, Nova Scotia. Hanna MacDonald recently graduated from the Nova Scotia College of Art and Design (NSCAD) and is keen to set up her own business. She believes there is a market in the area for quality handbags using natural and local materials along with her own talent for design and craftmanship.Hanna’s general assessment of the market demand included a phone survey of 200 randomly selected residents in the area, an analysis of the Statistics Canada information on population, incomes and spending habits of consumers in the area, as well as an assessment of the competition in the Halifax-Dartmouth region. She has incorporated HHI and signed a lease for a downtown location for her retail sales and manufacturing operations effective July1, 2020. She believes that with the recent growth and development in downtown Dartmouth there is potential demand for her products.Hanna plans to sell a variety of items from diaper bags to evening bags and to source as much of the materials as possible locally. All of the design work will be done by Hanna and until there is enough demand to generate the need for additional help, all of the manufacturing will be done by her as well.Given her understanding of the market Hanna has made detailed plans for her first year and a half of operation. She estimates that 70% of sales will be from the retail storefront location and the other 30% from internet sales and phone orders. All internet and phone orders will be paid by credit card but in person sales will be split 10% cash; 30% debit; and 60% credit card. Her bank will deposit the full amount of any debit sales on the same day as the sale but all of the credit card sales will have a 5% bank fee for handling credit card transactions. There is no fee for the debit transactions since it is included in her $100 per month regular banking charges.Because of the care that Hanna takes in making her bags and the colouring and aging process that she uses for the materials, it takes approximately two months from start to finish to make each bag. Of course, she can make more than one bag at a time however. To take advantage of fabric and material discounts, as well as minimum quantity order requirements, Hanna plans to order her supplies well in advance and enough to last for several months. She plans to order in July 2020 enough to last her until the end of February 2021. In January and February of 2021 (50% in each month) she plans to order enough for the following 12 months. Hanna plans to start off with four types of bags: diaper, shopping, school and evening. The material cost of each are $20, $10, $10, and $50 respectively. These material costs must be paid at the time of ordering so that she can get the discounts.To start the business Hanna has contributed $1,000 from her own savings and has secured a personal line of credit with the bank for $10,000 at a 5% annual interest rate, paid monthly. Borrowings from the line of credit are to be taken in $1,000 increments, as needed. Anticipated sales prices, volume, and sales patterns are presented in Exhibit 1. Expected monthly expenses, all paid in the month incurred, are presented in Exhibit 2.RequiredHanna has asked you, a professional accounting consultant, to provide advice concerning her business plan. This advice should discuss her overall strategy as well as address any operational issues you consider important or parts to the plan that you think she has missed. In particular, she needs a monthly set of projected cash flow statements for al least the rest of 2020 and all of 2021. These will be used to help negotiate with the bank if there is a need for additional financing than the $10,000 line of credit that has already been established. She would also like annual Income Statements and Balance Sheets for Dec 31, 2020 and 2021. Finally, be sure to include in your report your overall assessment of whether Hanna will likely be able to eventually make a reasonable living from this enterprise. She is hopeful that sales will grow by approximately 20% per year beginning in 2022.Note: To aid in your cash flow analysis, a monthly template is available on Brightspace.Exhibit 1 Budgeted Sales Information for 2021Product Type Selling Price Sales Volume Sales pattern Diaper Bags $150 100 50% in December, 25% in April and 25% in JulyShopping Bags $ 40 250 10% per month (0 in Dec. or Jan.)School Bags $ 40 150 90% in Aug. and 10% in Jan.Evening Bags $175 25 100% in DecemberNote: These estimates are for the full calendar year 2021. Hanna assumes that monthly 2020 sales will be 30% of 2021. Note that there will be no sales in July or August 2020 since it takes two months for production before sales can beginExhibit 2 Budgeted Monthly Expenses for 2021Type of Expense Cost Rent (includes utilities) $ 1,000Office supplies 100Phone and internet 200Postage and courier 100Marketing and public relations 300Banking fees 100Total $ 1,800Note: Monthly expenses for 2020 are expected to be the same as 2021 except for Marketing and Public Relations. Hanna plans to spend double the 2021 rate in 2020 to build up her brand.