Identify a cost reduction or performance improvement opportunity in a real business (large or small) or in any organization to apply one of the techniques discussed in the course. Collect real data and be ready to defend your assumptions about the data (if any). The data collected by each team must include a complete description of the current environment including current costs or any other performance measures. Formulate the model and develop a solution. Prepare am implantation plan and try to get feedback from the selected organization about your plan. Submit a formal report to show what was done. The main body of the report should be concise and it should emphasize the key issues shown above. Use appendices to show your data and alternative scenario details. When delivering the PowerPoint presentation, make sure that you do not put too much material on one slide otherwise we will not be able to read it. Emphasize how you identified the opportunity, how you collected the data, and what are the major benefits of using the term project