The project is a unique, goal-oriented and time-limited venture. A typical project life cycle consists of the initiation phase, planning, execution and project completion. Project management has been practiced since the beginning of mankind, but as a scientific discipline it gained clear contours at the beginning of the 20th century. Many standards, methods, practices and tools for project management were formed then, many of which are still in use today. There are three typical project management approaches: predictive, adaptive and hybrid approaches. Choosing the appropriate approach depends on the characteristics of the project. The characteristics of the predictive approach are detailed planning and rigid implementation of the plan. An adaptive approach allows change management due to iterative and incremental processes during execution. A hybrid approach uses the best of both approaches to achieve a successful project outcome. Project management in the IT industry can be traced back to the mid-20th century with the development of Lean manufacturing, which is focused on process improvement. Lean manufacturing significantly influenced the development of agile approaches to project management, which are increasingly being applied in software development. At the end of the 20th century, agile project management was shaped with a series of agile frameworks, methods and practices, of which Scrum, Kanban and Extreme Programming are most commonly used today. The project manager is the person who manages the project. At the same time, he applies the appropriate set of knowledge and skills in order to achieve the project goal. In addition to technical project and risk management skills, a project manager should possess exceptional social skills in order to collaborate with stakeholders and successfully lead a project team. In IT industry, the project manager mostly uses agile and hybrid approaches when managing projects and acts as a servant leader who directs and educates the team to become better and successfully complete project work.