1. (i) Outline the four phases in a project life cycle and write a short paragraph on each of the phases highlighting the major points in each phase. (ii) You are given the following project data: (16 marks) Activity Preceding Current (days) Crash Current Activity Time Crash Time Cost Cost ABCDEFGH None 14 None 20 None 12 ACBBAEI 16 28 B,D 15 B,D 36 3263653 13 8,000 9,200 12 10,000 16,400 5,000 11,000 13 12,000 14,700 16 14,000 29,600 3,000 7,000 17,000 19,400 22 7 11,000 21,500 E,F 18 11 13,000 20,000 H 24 14 16,000 27,000 (a) Using the Activity on Node approach draw the network indicating clearly the earliest and latest start times, earliest and latest finishing times for each activity and the critical path of the network. (18 marks) (b) Determine the current completion time and the current cost. (4 marks) (c) Determine the daily reduction cost and the float for each activity. (4 marks) (d) By crashing certain activities in the above project determine the minimum completion time and its associated minimum cost. (24 marks)