Project Schedule development

Abstract

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Motivation

There are many reasons behind Project Schedule development to be taken with appropriate caution, while planning time frame of the project. First of all, it provides in structure way the scheme and toolkit for planned activities. Following the guidelines, it allows to build sufficiently detailed plan of actions with the time frame for each activity, enable tracking the progress and updating the schedule if necessary. Secondly, implemented correctly decrease the risk of delays, helps allocated resources, which may results in minimizing potential costs of the project.

Introduction

Project Time Management

Project Time Management is defined as set of processes with 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.