Indian software industry experienced a phenomenal growht throughout 1990s. In spite of worldwide recessionary trends in the software industry, Indian software industry is expected to play a much bigger role in the new millenium for the growht of Indian economy. In the light of the research findings that lack of soft skills is one of the key reasons for the high rate of failure of information systems projects, this study assesses the difficulties experienced by project leaders in executing projects and the need for learning soft skills.