The document discusses the differences between leadership and management, with leadership focusing on influencing others and having a long term vision, while management focuses on controlling processes and maintaining the status quo. It provides examples of how project managers can demonstrate leadership on projects by inspiring teams, challenging assumptions, and focusing on stakeholders. The document advocates that to be successful, project managers likely need to balance both management and leadership skills, with the appropriate approach depending on the context of the specific project. It highlights communication, trust, delivering on promises and leading by example as important leadership traits for project managers.