The document discusses social project management, an emerging methodology for managing smaller, faster-paced projects with limited resources. Social project management utilizes multi-skilled teams, rapid iteration, and responsiveness to feedback to develop working software quickly. While traditional "project management 1.0" focuses on large-scale projects using top-down processes and extensive planning, social project management mirrors agile principles and is better suited to the fluid, collaborative way many projects are now developed. Though social project management projects can fail quickly due to unproven ideas or poor implementation, the risks are lower since less is invested up front.