Project Time Management Overview

Abstract

Projects behave like living organisms consist of people, deliverables, as well as internal and external factors affecting them. In order to keep the workflow on tact, Project Time Management is essential. Project Time Management is defined as processes and outputs to ensure all the activities throughout the project are accomplished on time.. It is about increasing both efficiency and effectiveness and to control over the time spent on the particular tasks. As one of the key Project Management areas, the process plays a major role in each out of five project phases. It reflects to the overall performance during the project life cycle as well as the individual task consumption.“Control of time is competitive advantage”, wisely used can increase benefits and decrease the costs of a project. According to PMBOK, it is consisted of: Active Definition, Activity Sequencing, Activity Duration Estimating, Schedule Development, and Schedule Control (different sources: PMI divides it into 4 areas: Time Planning, Time Estimating, Time Scheduling and Time Control).

This article focuses on Project Time Management as the methodology and toolkit in terms of supporting Project Managers during the projects. The methodology enclosed in the article is based on best company practice within pharmaceutical industry.