Project management has evolved over time, becoming the principal mean of dealing with change in modern organizations. Best practices have occurred as a result of business evolution and of practicing project management at a global level. Best practices and standards for project management, if followed, increase the chances of success in achieving project goals. In this article we present the need for and the advantages of using best practices in project management, which are the best practices used today and we also give a brief presentation of the mostly used best practice methodology in project management, Project Management Body of Knowledge