Managing the development of software projects presents several challenges. This presentation discusses the unique methodology required: approaching the development using specific phased activities and milestones. The project team has to be chosen and organized around technical skills as well as team communication. The project plan is unique because planning is a large part of the development. The greatest challenge is getting the correct requirements and keeping them current. Activities such as prototyping, iterative approaches, validation and client involvement are necessary. Risk management in software projects requires thoughtful approaches to a unique set of risks that historically have increased project cost and time by up to 50%. Most important, estimating a software development effort is difficult. Specific work breakdowns, formulas, templates, and historical data must be used. This presentation steers you through this maze of issues, giving specific, practical advice.