MGT 437 Week 3 Team Assignment – Project Planning â Technical PaperPreparea 1,400- to 1,750-word paper that adds to the project begun last week. Check to ensure the projectâs triple constrains are still valid. Address the following items in your paper:Phase I â Update SOWUsing the SOW from last week, review and update it based on course material acquired during the last week. Include in the update the SMART requirements for the project.Identifythe specific tasks required to complete each item listed on the SOW. Identify the resources required to accomplish each task.Phase II â Project Schedule and Budget UpdateArrangethe tasks into a schedule that takes into consideration the required dependencies between tasks. Computerized project management software is required.Presentthe schedule in either PERT or Gantt chart format. Identify the critical path through the network.Reviewthe network results and compare to the projectâs triple constraint. Specifically compare the following:TimingBudgetProject specifications (scope and SMART)