IntroductionYou have taken up a new job in Perth, Western Australia. Both your partner and you are verykeen on wanting to build your own home. You come across the Keystart initiative(https://www.keystart.com.au/) by the government of Western Australia and have found outthat you and your partner are eligible to apply. You have decided to submit an application, butwill have to do the following:• Identify the suburb you want to build and decide the land size you want to buy (thiswill depend on the budget you are willing to spend on the land)• Research the market and identify potential home builders who will construct yourdream home.• Finalise the layout /design and agree on the cost to build the house with the chosenbuilder• Enter into a dealo Sign a land contract with the land developer – you will need to pay a deposit ofAUD$2000o Sign a Pre-Work Construction (PWC) contract with the builder – you need topay a deposit of AUD$2000(in both contracts you have inserted the following clause: Deposit to be returned toclient (in full) in the event of failure to obtain finance approval).• Finally, you are now ready to submit an application to Keystart (can be done throughthe builder) to obtain finance to build your dream home.The above activities can be efficiently managed through key project management processes.Where possible, you can also aim to implement lean project management principles tosuccessfully manage the above activities.