1a) Using ONE example of a project, explain the term Project Life Cycle and briefly describe the processes. 1b) Explain the management process of PLOC and how this process can be integrated to achieve the goals and objectives of a project. 2. An initial cost estimate can determine whether an organisation greenlights a project and if the project is sustainable and move forward, the estimate can be a factor in defining the project's scope. a) Why project cost estimation is important in any project. b) Describe FOUR main techniques in cost estimating. State at what stage of project development is each techniques best used. 3. An organisational structure is a visual diagram of an organisation that describes the employees task, whom they report to, and how decisions are made across the organisation. There are many types of organisation which can use functions, markets, products, geographies or processes depending on the specific business, size and industry. Compare between functional and matrix structure by discussing the advantages and disadvantages of both structures. Use two different projects as examples and illustrate the diagrams of both structure. 4. You have been recruited as the project manager by GhanaCorp who are building 2 classroom blocks for a community in the Western Region. The cost of the project is estimated at 11 million Ghana cedis each and is expected to be completed within a year. An evaluation by external experts showed that only 1 classroom block has been completed after 10 months and a total of 19 million Ghana cedis has been spent so far. Calculate the Schedule Variance and Cost Variance for the project. Suggest what he must be done to control the situation. Discuss the strength and weakness of using the above method for project controlling. 5. GhanaCorp is considering the purchase of an earth-moving plant for Ghc10,000 which is expected to work for 4 years. The terminal value will be Ghc1,000. The company expects a net cash inflow of Ghc3,000. With a discount factor used for the investment appraisal of 15%, Calculate the NPV. Explain whether or not the company should invest in the equipment