Globally, the last 30 years have witnessed an unparalleled effort to improve infrastructure and raise success rate of project achievement. This book aims to answer questions raised by the ever-changing project managers'' role. It identifies the underlying issues and presents practices that promote project achievement. The book begins with Background, and then Introduction, Change and Project Management, Dynamic Life Cycle, Key Roles are discussed. Next Project Manager as a Leader, Project Processes and Techniques, Risk Management, Project Planning-Launching-Execution-Closure are dealt with. The last is Conclusion with Bibliography provided for further reading. Specimen formats for ready reference and use, Glossary of Terms given as appendices facilitate better understanding. Since, strategic approach is an important ingredient for improving the effectiveness of project management, it is hoped that this book will challenge and stimulate dialogue to open new vistas for research in this area. Resources - time, money; personnel are not only critical for project success and completion, but also scarce and hence, need to be optimized so as to make a difference in the lives of mankind.