PROJECT MANAGEMENT March 01, 2023

PMBOK: Project Time Management

Words count 5k Reading time 5 mins.

PMBOK: Project Time Management

Project Time Management is one of the ten knowledge areas in the Project Management Body of Knowledge (PMBOK) framework. It is concerned with the processes required to ensure timely completion of a project. Effective project time management involves defining the project schedule, allocating resources, monitoring progress, and making adjustments as needed.

Planning Project Time Management

The first step in project time management is to plan how the project schedule will be developed and maintained. This includes determining the project deliverables, estimating the time required to complete each task, and determining the dependencies between tasks. The project schedule should be integrated with the project scope, budget, and quality management plans.

Once the project schedule has been developed, it is important to obtain buy-in from all stakeholders. This includes the project sponsor, project team, and any other stakeholders who will be impacted by the project schedule. The project schedule should be communicated to all stakeholders, and any changes should be communicated in a timely manner.

Project time management also involves developing a project schedule network diagram. This is a visual representation of the project schedule that shows the relationships between tasks. A Gantt chart is a common type of project schedule network diagram. Gantt charts are easy to understand and can be used to communicate the project schedule to stakeholders.

Monitoring and Controlling Project Time Management

Once the project schedule has been developed and approved, it is important to monitor and control the project schedule to ensure that the project is completed on time. This involves tracking the progress of each task, comparing actual progress to the project schedule, and making adjustments as needed.

One of the most important tools for monitoring and controlling project time management is the Gantt chart. Gantt charts can be updated in real-time, and they provide a visual representation of the project schedule. Online Gantt chart software, such as GanttPRO, can be used to create and update Gantt charts. Microsoft Project is another popular project management software that includes a Gantt chart feature.

Project time management also involves managing changes to the project schedule. This includes identifying and assessing the impact of changes, obtaining approval for changes, and updating the project schedule to reflect the changes.

Managing Project Schedule Constraints

Project time management also involves managing project schedule constraints. Project schedule constraints are factors that impact the project schedule, such as limited availability of resources, regulatory requirements, and external dependencies.

It is important to identify and manage project schedule constraints to ensure that the project is completed on time. This includes developing contingency plans to address potential schedule delays, and regularly reviewing and updating the project schedule to ensure that it remains accurate.

Tips for Effective Project Time Management

  • Clearly define the project schedule and obtain buy-in from all stakeholders
  • Use a project schedule network diagram, such as a Gantt chart, to visually represent the project schedule
  • Monitor and control the project schedule on an ongoing basis
  • Manage changes to the project schedule and project schedule constraints effectively
  • Regularly review and update the project schedule to ensure accuracy

In conclusion, effective project time management is essential for ensuring the timely completion of a project. It involves defining the project schedule, allocating resources, monitoring progress, and making adjustments as needed. By following best practices for project time management, project managers can ensure that their projects are completed on time and within budget.

0%