The official business definition of Core Competencies for Project Managers is a set of skills, knowledge, and abilities that are essential for successful project management. These competencies include technical, interpersonal, and organizational skills. Technical competencies include the ability to understand project management processes, use project management tools, and apply project management techniques. Interpersonal competencies include the ability to effectively communicate, negotiate, and build relationships with stakeholders. Organizational competencies include the ability to plan, organize, and lead teams. A successful project manager should possess all of these competencies in order to effectively manage projects. Additionally, project managers should be able to recognize potential risks and develop strategies to mitigate them. Finally, project managers should be able to evaluate the success of a project and take corrective action when necessary. These core competencies are essential for any project manager to be successful in their role.