Guide to Schedule Management as per PMBOK Guide Seventh Edition

Schedule Management is a critical aspect of the Project Management Body of Knowledge (PMBOK). It is the systematic process of scheduling, planning, and controlling the time spent on specific project activities.

Why is it important?
Schedule Management is important because it ensures that the project is delivered in a timely manner. It helps in avoiding delays and in efficient utilization of resources. A well-managed schedule can lead to cost savings and successful project delivery.

How it works?
Schedule Management begins with defining activities, sequencing them, estimating their durations, and finally developing and controlling the schedule. Each of these steps requires proper planning and execution.

Exam Tips: Answering Questions on Schedule Management
Understanding the intricacies of schedule management is key to answering related questions in the exam.
-Be familiar with the key concepts, techniques, and tools related to schedule management.
-Know the difference between 'free slack', 'total slack', 'project float' and 'program float'.
- Understand float paths and its types.
- Practice questions related to critical path method and schedule compression techniques.
-Be aware of the impact of changes in schedule on the overall project plan.
-Understand the inputs and outputs of schedule management processes.