The report discus and makes insight in the current efforts of the universities to deliver and perform practical knowledge to the students in the era of new economy and project environment they are working after graduation. The education should follow the changes in the business of new millennia and its’ orientation towards projects with various types, sizes and categories. This challenge, especially in the ICT area, the universities and professors are faced with, needs their creative and unique approach in delivering practical knowledge and skills to the young professionals that will be needed in their workplace.