The project is to purchase and renovate a deteriating 3 bedroom house, to resell at a profit. For this project, compose an executive summary description of the project that will be employed during the design and building of the project scope statement. The scope statement will include the objective of the project, goals, a clear description of the project (executive summary is the foundation) and appropriate steps that need to take place for successful completion. Within this paper, assess what project scope and planning entails, how the process is accomplished, and how you implemented the process for your chosen project. Include in your assessment the scope statement, consideration of Life-Cycle Phases, participant roles, why plans fail (potential risks pertinent to your project based on the industry and/or field), and the value of a project charter in the project scope planning process.

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