Develop the following using designated project management software

7. Develop the following using designated project management software (e.g., Microsoft Project):a. Work Breakdown Structure (WBS)b. Gantt chartc. Assigned ResourcesThe work breakdown for the conversion project:1. Marketing must decide the target market. Through research, the company’s marketing will analyze the customer and the potential for need for the products the company will offer.2. Decide the design of the new motorcycles. This is done through marketing and research to identify the most likely designs for the company’s target market. The target market is identified and their needs analyzed to make a product that is responsive to those needs.3. Decide the type of engine and the engine requirements. This is important for the new project because the change in market focus and equipment for the new products is one key to success.4. Research and determine the costs of materials and equipment required to manufacture the motorcycles. This should include the availability of materials and which suppliers are best to work with for the best price and quality in both the materials and the service.5. Hire labor needs based on knowledge, experience, and expertise. These will include all departments for the plant as needed.6. Complete an overall process breakdown to determine time schedules, costs, critical paths, labor needs, and the overall timeframe to complete the project and start production.7. Prepare budget with overall costs and the costs at each level of the process.8. Get management approval to begin production of new product.Motorcycle designDespite this being a decision made by company management, the project group will need to come up with the proposed designs to submit. Each member of the team should input some information to help choose designs that can be made efficiently and with quality, while being sale-able.The production team will take the suggested designs and create the prototypes that will be offered to management and tested by quality control for safety and design soundness.CostsThe design of the new product will need a cost assessment to manufacture it. Costs of materials, labor, and time will be part of the cost assessment. From this, pricing and budgets are calculated and design adjustments can be determined to meet the needs of the company and the consumer.PricingThis is part of the costs assessment. The price is determined by the costs to build the product and distribute it, along with costs for marketing and selling. Pricing is an important part of the overall project because the profitability and return on investment requires a price that covers these costs, but is also palatable to the public for sales.