“Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations .” Source: Project Management … 1. Academia.edu is a platform for academics to share research papers. Wrong team members 4. Estimate Costs … Project management … Poor communication 5. In a competitive budgetary environment, formal cost management is a crucial project management skill 26 3. Lack of executive-level support 3. Determine Budget (Planning) 1. Poor project and program management discipline 2. No risk management … Project Management Skills for All Careers defines project management as "the application of knowledge, skills, tools, and techniques applied to project activities in order to meet project requirements. Control Costs (Monitoring & Controlling) 2. What Is Project Management? No measures for evaluating the success of the project 6.