This overview affects all types of business projects excluding projects in distance education. Several project managers underutilize their skills about project management (Crawford, 2000). This paper evaluates the key skills required for the successful completion of business projects and reviews the common reasons for project failure. By acclimatizing with better project management skills, the modern-day project managers can improve their skills in executing and accomplishing the goals and objectives of business projects as defined by the senior management.
.For any business project to take off and cruise through all the obstacles and challenges, proper project planning is a key factor and skill in completing the imminent objective successfully. Project managers have to develop clear prospective outcomes as well as execute desirable tasks needed to accomplish the objectives. The most significant initial step is identifying the scope of the project (Lavell & Martinelli, 2008). By doing this, project managers can estimate the size, boundaries, and purpose of the project in such a way that they “create a box” that facilitates the real components needed “in the box” while distinguishing them from the ones “out of the box.” Consequently, skillful project managers must ensure that they deliberate on every executable task in order to unearth ideas that can propel the business project to the final stage (Remington & Pollack, 2007). After brainstorming, the tasks should be arranged in the most consistent order to get the business project running to its completion. However, new tasks might come up in the course of the business project, and skilled project managers should not hesitate to add them appropriately without changing the scope of the project (Fairholm, 2003). With the above measures, the budget of the business project needs accurate estimation.