Time management is another key aspect of managing a project. As such, it is considered to be a core knowledge area, and is closely knit to scope and cost areas.
The main purpose of this knowledge area, as it name suggests, is to build processes and outputs into the project that assist the manager and team to complete the project in a timely manner.
During the planning process, outputs are created to illustrate how project tasks will be sequenced and allocated. The controlling and monitoring process is concerned with tracking and reporting on the progress of work, as well as adjusting time outputs to address shifts and changes in the project plan. Finally, the closing process includes an audit of time targets.
Project managers reflect on what contributed to time estimates being accurate, too liberal, or conservative.
This reflective process helps them to build better time plans for future projects.
Project time management involves the processes required to ensure timely completion of a project. Processes include:
- Define activity
- Sequence activity
- Estimate activity resources
- Estimate activity durations
- Develop schedule
- Control schedule
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