This study was aimed at developing a method for measuring the relationship between intellectual capital and project manager competencies. Intellectual capital consist human capital, structural capital and relational capital. Project manager competencies have been evaluated based on IPMA Competence Baseline (ICB) and Project Manager Competency Development Framework (PMCDF) includes knowledge, skill, personality, and industry & organization competence. In this study, the relationship between intellectual capital and project manager competencies were investigated and a weak, yet negative correlation was observed as an outcome of this quantitative study. The results are significant because of the method is used. In addition, the study results are so stable and reliable because we use confident instrument to measure indicators.