Project Management Skill Set is an official business definition that outlines the necessary skills and abilities required to successfully manage a project. This definition includes the following components: understanding the scope of the project and setting goals and objectives; developing a timeline and budget; assembling and coordinating resources; overseeing the implementation of the project; monitoring and evaluating progress; and addressing issues and risks. Additionally, successful project managers must be able to communicate and collaborate effectively with stakeholders and team members throughout the project lifecycle. They must also possess strong problem-solving and decision-making skills, as well as a comprehensive understanding of the business environment in which the project is being managed. Moreover, project managers must demonstrate strong leadership and management capability to ensure the successful completion of the project. These are the essential skills and abilities that define the Project Management Skill Set and make it an essential part of any successful business.