Could use a little help...

[Superjunk]

I have a 94.5 with the 7.3 powerstroke and a 5 speed and 125k on it.The other day I left my house got about 2 miles and the cel came on and it died and would not restart.Opened the hood and the first thing that I noticed that one of the big wires on the glowplug relay was smoking(the one towards the front of the truck).I scanned it and it threw these 2 codes.P0340 cps and p1211 icp.can anyone point me in the right direction before I just start throwing parts at it?
TIA,John

[retmotor]

0340 CMP Camshaft pos sensor ckt malfunction No CMP sensor signal detected during crank Open/grounded circuit, sensor fault, short to power

1211* IPR ICP pressure above/below desired Continuous and KOER on-demand test IPR valve failed, stuck, or shorted to ground

From: Tips - Idea - Hints

Kind of weird about the smoking wire on the gpr. I haven't seen that before.