Information Technology Project Management is becoming an increasingly important skill for all IT professionals and one that can be imparted through either education or training. This paper begins by looking at what is involved in project management and the two main approaches to project management: PMBoK and PRINCE2. We outline a core postgraduate subject in IT-based degrees at Victoria University and how this attempts to handle both concepts and practice, and a PRINCE2 training course. The paper then examines the issues involved in each of these approaches and the benefits and drawbacks of each.