This document discusses best practices in project management. It outlines that there are established standards and frameworks like PMBOK and PRINCE2 that provide formal best practices. However, some prefer an intuitive "lone ranger" approach. The best approach lies in the middle, combining formal knowledge of standards with experience-based practices. Interpersonal or "soft" skills are also an important missing ingredient to project management success. Specific best practices highlighted include investing in detailed planning, prioritizing communication, and conducting risk analysis.