Portfolio Project #1 provides datafrom a hypothetical organization. The data can be found at the bottom of thepage.You will create a strategic planthat aligns the human resources (HR) function with the organization’s mission,vision, and objectives. The overall scope of the Portfolio Project is to createa “Shared Services” structure for HR that will be housed at the organization’scorporate offices.Most of us are aware of the term“purpose statement” but are unsure of its real meaning within an organization.It is a statement describing the organization’s purpose, or the reason for itsexistence. The purpose of an organization reflects a desired position in themarketplace. It should accurately answer to the questions below. The purposestatement is the written summary of those answers.Whoare we?Whatdo we do?Forwhom do we do this?Howdo we know when we are getting it done?The purpose statement is the writtensummary of those answers. The most effective purpose statements are short,concise, and direct. A good purpose statement is between 2–3 sentences.Answer the four questions above andcreate a purpose statement for your HR department. Submit the answers to thefour questions and the purpose statement to your instructor for review.