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