This document discusses the competencies and skills required for a project manager and the benefit measurement techniques used to select a project based on estimated cash inflow and outflow. The competencies and skills include conversation with people, leadership skill, ethical behavior, effective verbal communication skill, conflict management, conflict resolution, critical problem-solving skill, and understanding priorities. The benefit measurement techniques include the economic model, the discounted cash-flow, payback period, opportunity cost, the cost/benefit ratio, the scoring model, the net present value(NPV), and the internal rate of return(IRR).