At any point in time there are multiple tasks and issues to tackle for a project manager. To be successful, the project manager has to choose his battles wisely. Also, resources available for the project are always limited, and need to be utilized in a wise manner. That is prioritization in action. Time is a valuable resource for the project because once lost it cannot be recovered easily. As a result, Time Management is one of the key skills for a project manager. The Project Manager is responsible for creating efficient ways to execute tasks.