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This guide includes information about getting ready for class, where to study, and practical tips to make your life easier. Learn Project Management Concepts using simple and precise free downloadable tutorials. Prepare for PMI certification and become an efficient Project Manager. Project, Management, Concepts, Conflict, Crisis, Motivation, RACI Chart. In any industry, some of the demands managers face is to be cost effective. In addition to that, they are also faced with challenges such as to analyze costs and profits on a product or consumer basis, to be flexible to face ever altering business requirements, and to be informed of management decision making processes and changes in ways of doing business. However, some of the challenges holding managers back include the difficulty in attaining accurate information, lack of applications that mimic existing business practices and bad interfaces.