Project management is a simple yet complex role. It's simple in the sense you don't need a specialty, such as design skills or technical prowess. It's complex in the sense you'll juggle a host of tasks, most of which require common sense. The best rule of thumb is to understand two things masterfully: the project management essential skills you use to meet the deadlines, and your team's unique skills. Your team is ultimately your most valuable asset. The project manager doesn't always have an easy time. Challenges occur, and the project manager needs to find the solution. While managing your projects and people and resolving issues, you'll also be delivering regular progress reports to a senior project manager or executive. Most common issues that a project manager encounter were Undefined goals and poor communication. Each of these can ruin client relations and cost a company a financial loss. Usually, strong and frequent communication with your executive sponsors and stakeholders can mitigate any true repercussions, before you get to the deadline. By understanding issues and what it takes to resolve them, you will be able to keep your executives, and yourself, confident in your ability to keep the project working smoothly. Also, project managers must understand financial burn rates and margins related to the projects. Managing these efficiently directly impact how successful your project is