Use Microsoft ProjectAssuming that your project (from individual assignment 3) has been formally authorized by the project sponsor and funding has been approved, now it is time to start your planning phase. Project management is typically a team-based management methodology. For training purposes, however, you will work alone on this project. The objectives of the lab assignments are to use MS Project to develop a project schedule and to create a cost baseline.1. Create a new project file in Microsoft Project and use the “Save as” function to rename the file with your last name, your first initial, and your project title. Example: GrossC_EletricTruckProject. (1point).2. Use the file Properties from the Backstage view in Microsoft Project to enter a brief description of the project objectives. Remember, project objectives must be SMART. Complete the other Properties as appropriate. (Hint: Go to File>Info>Project Information>Advanced Properties>Summary). (2points)3. From the Gantt chart view, with the Entry Table applied, enter 20 deliverables for your project in the Task Name column, including project management. Remember, typically a deliverable is a component part of the project and is expressed as a noun/adjective – NOT a verb (Hint: see PMBOK ® fifth edition pages 129 and 130 as examples). You may want to incorporate the phases identified in your previous individual assignment, but this is not required. (7points).4. Break down the deliverables of your project into work packages and enter them as subtasks under the deliverables. Remember, it is okay to combine a phase-based with a deliverable-based approach. In fact, you are encouraged to use the phases you created for your project earlier in the course. If you need a hint, take a look at the attached file provided as an example. (2 points)5. Break down the work packages into project activities. Note that unlike deliverables, activities are the actual actions you need to perform to complete the deliverables/work packages or phases. Activities are expressed as verb phrases. If you need a hint, take a look at the attached file provided as an example. (6 points)6. Use the “Indent/Outdent Task” command from the Task tab in Microsoft Project to create a hierarchy of deliverables/work packages/activities. This hierarchy will help you plan better your project. (1point)7. Use the default WBS coding system in MS Project to code your WBS. (Hint: From the Format tab> Outline Number). (1point)Note: The total items in your project files should consist of at least 50 lines, including deliverables, work packages, and activities. Remember that planning is an iterative process. You can always revise your plan as more information becomes available. Your project activities must be completely original – do not copy information from another source. You will receive a zero score for any assignments that are not original.Hint: Take a look at the attached file to see how to structure your deliverables, work packages, and activities. Pay careful attention to the nomenclature.Note: This assignment is to test your understanding of the difference between project deliverables and activities. Do not enter any information other than what is required to complete the assignment. For example, do NOT enter activity duration – do NOT enter resources. We will progressively complete the schedule and budget for your project.