And this last section is about what are the skills to be successful in projects? And we've seen already about strategic thinking and how can you be thinking broader, we think about, we've seen about decision making, but how can you be successful in delivering projects, your projects, your company projects, your bigger projects. So there's a model, which I like it comes from the Project Management Institute, which really reflects how project leadership is seen today. Basically, there's the technical project management, that's the basis that's how you make a plan, how you define a good project scope, how you make milestones and calculate an estimate cost and resources. So that's the technical part. So far till today, we thought that that was enough to run a project that was sufficient, and you could be successful.
But today, that's not enough. That's just the basis What you need to watch on that is you need to understand where the project is going to be executed. So, if you're going to do a project in Telecom, you need to understand about Telecom, or in banking or in development, or in public sector. So you need to understand and not be an expert maybe in public sector or, or farm life, the project is in pharma. But understand the drivers understand what are the challenges and the priorities and how your project fits and addresses some of these needs. And the last part is leadership.
Projects requires much stronger leadership than a day to day operations where you see everybody every day where you can give orders and everything is cascaded is very hierarchical. Projects are flagged where people often don't report to you. So your leadership skills are even more important than any kind of other type of projects, all that type of work because you need to engage them. You need to have Have a clear vision to motivate them, you need to listen to them and bring them create a team out of individuals. So leadership is essential for big transformation projects, big, large change projects, critical project management, technical skills, business, strategic understanding, and then leadership. And by the way, there's good news because I'm working with Marshall Goldsmith, where we're we're looking into stakeholder center leadership and also coaching about how can we introduce a very specific approach which martial gospel has been extremely successful for developing leaders into project specific outcome project managers become project leaders and in how can you develop the whole group, the project team to be more successful, so soon you will hear about that, and I think is going to be a game changer.