This report provides a comprehensive analysis of project management principles and their practical application. Task 1 covers key project characteristics, scope statements, work breakdown structures (WBS), Gantt charts, budget development, risk analysis, and quality methods. It defines project characteristics like customer orientation and temporary activities, explains the importance of scope statements and WBS in project definition, and illustrates project scheduling using a Gantt chart. The budget development process is detailed, and project risk analysis methods are discussed, including risk response strategies. Project quality methods are also explored, emphasizing monitoring and control processes. Task 2 presents a project management plan for the merger acquisition of ABC PLC and DEF Ltd., utilizing an agile development methodology. The plan includes project scope, milestone lists, project schedules, work breakdown structures, project lifecycles, deliverables, change management, communication management, resource management, cost budgets, risk management, and project control management strategies. The report concludes with insights into the successful merger of the two companies through effective project management practices. Desklib offers a wealth of similar solved assignments and resources for students.