QUESTION 1
Traditionally Scope, Time, and Budget have been used to assess the level of success in a project. Is the Iron Triangle enough to judge a project? Which other criteria could be included in a project’s assessment? Use an example to support your arguments in the previous questions.
Which are the most important skills for a project manager? Why?

QUESTION 2
A University has decided to organize a boat trip in order to welcome the 2022-23 students for the BSc Apprenticeship in Project Management. You have been assigned with a preliminary risk management analysis. Identify three main risks and complete the table below. Then write a paragraph justifying your choices for each of the risks.

Risk Probability (P) (1-100) Impact (I)
(1-5) Severity
S = (P*I)/5 Response
a. Accept
b. Avoid
c. Transfer
d. Mitigate
1.
2.
3.

QUESTION 3
Which are the main challenges with cost estimating? Which cost estimating methods are you aware of? Which are their advantages and disadvantages and when each of them is more likely to be used?
Which are the three main organizational structures? Which one is the most and which one the least practical for managing projects? Why?