Initial Postings:Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.Also, provide a graduate-level response to each of the following questions:Find a recent news article on an ongoing project, evaluate the management’s performance, and explain how the project could be better organized and managed.Discuss the pros and cons of the spiral project life-cycle model and the waterfall project life-cycle model. How are the processes in the PMBOK related to each other? Give a specific example.