a) You are asked to choose between two IT projects using the Net Present Value Model. Project A takes 5 years, it costs 5 Million dollar (whole cost should be paid before the project starts), it creates 10 Million dollar value 2 years after completion. Project B takes 3 years, it costs 1 Million dollar in the beginning and 3 Million dollar at conclusion, it creates 8 Million dollar value 3 years after completion. Assume interest rate at 5%. Write all the calculations. Which project would you choose? Provide justifications.

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Project analysis

Project analysis is the process of determining the aspects of a project in project management. This analysis helps in identifying whether the project is executing as expected and uses the specified budget. By conducting a project analysis, the current or future problems that occur during the project can be identified.