Instructions: Complete the Mid-term Exam in essay style. Use APA formatting and approximately 500 words per response. Thoroughly respond to each question and provide evidence to defend and/or support your responses. An exam rubric will be used to assess your contributions.1. What are the requirements and benefits to becoming a certified project management professional? Explain why project managers are so critical in today’s business environment? (Points : 25) Spellchecker Question 2. 2. What role does goal setting play in the project initiation? Why is it important? Provide an example from your own experience or observation to make your case as to how goal setting is effectively used in the project environment. (Points : 25) Spellchecker Question 3. 3. Describe and explain the specific components of a project charter. Explain why the project charter is critically important to ensuring the successful completion of a project. Compare and contrast the specific stakeholder demands which must be integrated into the project charter in order to ensure that the correct product or service is delivered in the administrative project closing process. (Points : 25) Spellchecker Question 4. 4. Describe how the project charter developed during the initiation process is used during the planning process? In your response explain how the different components and variables contained within the project charter are changed from a defined requirements perspective to a future-oriented integrative perspective which is used to develop costs and schedule baselines. (Points : 25)