Managing project time and developing the project schedule
are interrelated activities within project management that address the time
parameter.
Time, alongside with cost and quality are the fundamental
parameters of project management that act as the pillars for the remaining activities
to progress. Project managers shift their attention to project scheduling as soon
as the project scope is defined and agreed by all stakeholders.
The time frame of a project can, and it suggested, to be
broken down into tasks and activities. It is this process that alerts the
project team to realistic timeframes and resource allocation. Frequently, project
tasks and activities are underestimated during the scoping process and a wide
range of internal and external factors are not taken into account and
consideration.
A number of authors on project management perceive time as
the least flexible resource that influence’s project scope. It is common that
projects that are described as “high-risk” exceed the original timeframe by 100%
surprisingly.
Throughout this blog, we frequently highlight the relevance
of project size, project life-cycle, project manager skill, knowledge and experience,
as well as resource availability. Managing time is definitely regarded as a managerial
task of high importance.
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