Paper is focused on findings from the implementation of project teaching in specialized subject Strategic Management. In the first part of the article is a brief description of the project method in terms of content, form and the pedagogical process, in the second part is described the experience in its arranging. The advantages and risks in this progressive teaching methods are specified, the basic assumptions in its applying are codified in both terms of organization and material arrangement. In the conclusion, the comparison of traditional direct teaching of students with project based learning is made.