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20% of your time should be employed doing transactional based activities needed to control the project and80% of your time is best spent on transformational type activities associated with leadership and delivery of the project - COMMUNICATION being considered the most important.
Communication is the key to success and unless the goals/ objectives and desired results are properly explained with a roadmap no project can be completed within time and budget hence I feel the leader should communicate with team and vis-a-vis everytime they feel like , ofcourse this is apart from routine meetings. Proper communication will open-up the critical door of sucess.
Should be at least90% of his time to be spend in communications to any body involved in the project which includes formal and informal, written and verbal communications.
According to PMBOK, Approximately% percent of the project manager's time is spent in some form of communication, such as: conferences, mpeetings, writing memos, reading and preparing reports, and talking with project team members, upper management, and all other stalk holders.
