ScenarioYou are the Vice President for Information Technology at a small, growing business. You have been tasked with developing a plan for maintaining databases for storage of business data and use in business analytics.u202fIn Weeks 1-5 you will work on gathering information in a Database Management Plan. In Week 6, you will present your plan in a 20-minute presentation (10-12 slides) to the President of Information Technology.Create a 700-word entry in your Database Management Plan. You will use information from this entry in your presentation due in Week 6. In your Database Management Plan entry, ensure you:Provide an overview of how databases can be used in a company to store and extract information.Decide what data elements need to be stored.Analyze major component of the SDLC when developing this database application.A Database Management Plan template is available to help you record and organize your information.Submit your assignment.