1. John was promoted from system analyst project manager. Explain to him his new role by answering the following questions.

1. Define project management and explain why it is important to plan a project (4marks)
2. Describe the main phase of project management (8marks)

2. Francis Johnson is a financial analyst for the company chosen to evaluate two project. The project cost $200 million each and the cost of the capital is 15%. The expected new cash flow are follows

Year	Porject1 (million)	Project 2 (Million)
1	50	105
2	30	80
3	80	65
4	90	20

1. Calculate the NPV And ROI of the project. 10 marks
2. Which project should be accepted? Give reason for your answer 3 marks