GuidelinesBack to TopCourse Project Part 1—Due Week 2For Part 1 of the Course Project, assume you have been appointed project manager of a new project for your organization. Your first assignment is to create a scope statement and WBS for this project.For this part of the Course Project, you select a project of your choosing. This selected project will be used in Project Part 1 and Project Part 2. I suggest you verify with your instructor the suitability of your selected project by the end of Week 1.Select a project of personal interest. For example, select a project where you can identify realistic cost and scheduling concerns. Opening a small retail storefront or a franchise is one example. When selecting your project, keep in mind the goal of CP-1 is to create a scope statement and WBS. In Project Part 2, you will need to create a budget and schedule for this project. Choose something relatively straightforward. For example, simple start-ups, such as pizza or fast-food franchises, work well because information is readily available. It is preferred that you do NOT pick remodeling a house, but building a house or flipping a house is acceptable.The CP-1 Project Proposal will be structured with the following sections.Cover page including assignment, project title, course, and student contact informationExecutive summary that summarizes the content from the entire document with quantifiable highlights, such as overall cost, duration, and so onProject scope statement describing the projectResource loaded WBS and schedule with proper grouping, indenting, and coding for approximately 25 to 40 line itemsSubmission RequirementsThe scope statement should be written following guidelines for writing a scope as found in the text.The WBS should be created in MS Projects following standard indent and outdent practices used in WBS creation.The assignment should be submitted as two files: one MS Word file for the scope statement and one MS Project file containing the project WBS.