Guide to Project Schedule Management

Why is Project Schedule Management Important:
Project Schedule Management is a key component of project management that helps in planning, coordinating and controlling the time aspect of projects. It ensures projects are delivered on time, resources are properly allocated and project milestones are met which directly impacts the success of the project.

What is Project Schedule Management:
It refers to the actions and procedures involved in planning, scheduling and controlling project activities to fulfill project objectives within a given timeframe. It makes use of tools like Gantt Charts, CPM, PERT, etc. for schedule planning and resource allocation.

How it Works:
It begins with defining activities and tasks necessary for the project, estimating the resources and time required for each task, identifying relationships between tasks, sequencing and scheduling them, and finally controlling and adjusting the schedule for any changes.

Exam tips: Answering questions on Project Schedule Management:
When answering exam questions related to this topic, always focus on the main steps involved in the process - defining activities, sequencing them, estimating resources and time required, and controlling the schedule. Make sure you understand the various project scheduling tools.
Always take into account risk management and external factors that can potentially affect the project schedule. Give balanced attention to all aspects - planning, scheduling, and controlling.