Project management is a discipline that is receiving continuous attention. Managing people effectively has significant impact on the outcome of a project. An effective incentive system helps the organization achieve its goals while meeting the personal needs of participants. The present study proposes a fuzzy linguistic incentive system for project management. The proposed methodology not only considers the responsibility evaluation for the five project process groups but also consider the performance evaluation to each individual for his/her assigned task. When tested in a realistic application, the resultant feedback was supportive, with it beings perceived to be more fair and timely when compared to a conventional incentive pay system.