Abstract: The object of this research is the formation of managerial skills using the method of project. The subject of this research is the formation of managerial skills of the future managers in the area of service industry with the help of project work in the English language classes. Involvement in projecting of the object of service suggests the students the opportunity for self-realization and professional self-identification, ensures the deeper understanding of the problems in professional sphere, better understanding the existing tools and techniques, and advanced skills in planning and organization of the activity. In the course of this work, the author examines the normative legal documents for the “Service” training program, analyzes the psychological and pedagogical literature regarding the questions of development of the managerial skills alongside the organization of project activity at the foreign language classes. The article describes certain substantially important skills of managerial activity for the future specialists in the area of service industry. Special attention is given to the stages of work aimed at development of such skills and corresponding stages of the project work. The author also demonstrates the practical experience of realization of the project with the students of “Service” specialty at the English language lessons for the purpose of development of the managerial skills, which implies listing of the approaches and methods suitable for the use at various stages of the project and forming of skills.