1. Business Need or Opportunity Provide a concise statement of the business need or opportunity that led to the creation of the project. Example 10: The goal of this project is to provide income f

1. Business Need or OpportunityProvide a concise statement of the business need or opportunity that led to the creation of the project.Example 10:The goal of this project is to provide income for the University Student Center while supplying necessary items to students and faculty at competitive prices. The school store will be convenient to students since necessary supplies will be available On-Campus. This will help students to learn to manage their personal supplies.2. Preliminary Cost for the ProjectA statement is to be provided indicating how the cost of the project will be defined and controlled.Example 11:The procurement team will assemble a proposal based on expected costs for review by the Dean of Business.500-600 words