Question: 1. Your project team is considering different criterion for selecting 3 different projects. During the discussions, one team member commented that the Net Present Value

1. Your project team is considering different criterion for selecting 3 different projects. During the discussions, one team member commented that the Net Present Value (NPV) method should be the only selection criteria to be considered in the process of selecting projects because it considers the time value of money. What are your thoughts?
2. Assuming the requirements and priorities of some project includes (1) freedom and flexibility, some require (2) heavy collaboration, others (3) require no fix plan and for others (4) the level of risk is linked to stakeholders involvement. What kind of project life cycles would you recommend for the four criteria highlighted and why?
3. Explain to Luna and Robin why both socio-culture and technical dimension of project management are skills that project managers are expected to develop to drive success or challenages/difficulties in any project. Support with examples.

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