Software Project Management is a knowledge intensive process that can benefit substantially from ontology development and ontology engineering. Ontology development could facilitate or improve substantially the software development process through the improvement of knowledge management, the increase of software and artefacts reusability, and the establishment of internal consistency within project management processes of various phases of software life cycle. A large number of ontologies have been developed attempting to address various software engineering aspects, such as requirements engineering, components reuse, domain modelling, etc. In this paper, we present a systematic literature review focusing on software project management ontologies. The literature review, among other, has identified lack of standardization in terminology and concepts, lack of systematic domain modelling and use of ontologies mainly in prototype ontology systems that address rather limited aspects of software project management processes.