The research presented in this article had as main objective the comparative analysis of the way in which the project management is carried out in Romania and in Iceland. Environmental projects from each country were selected and based on the available documentation the main components of their management were analyzed. The analysis seems to indicate a relatively frequent use of classical methods of programming project execution without identifying the use of modern methods neither in the case of environmental projects in Romania, nor in the case of those in Iceland. In terms of cost management, budgeting is more frequently used and in terms of risk management, risk identification is more common in Romania and in the case of Iceland the other components of the risk management process.