Yogi Berra
If everything being taught about project management was practical and applicable than why are there still so many failed projects? Simple, because there is a difference between theory and practice and that's the one of the major missing lessons. A good project manager adjusts, effectively communicates and always reevaluates. Take your classes, read your books, think your deep thoughts and then bury them inside as you, with an open and honest mind, take in all that is happening around you. PMBOK, Agile, Scrum, Earned Value are all nice buzz words, your real value is being able to apply and adopt that knowledge to improve the situation that you are currently in.
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