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In project management, a schedule is a listing of a project's milestones, activities, and deliverables. Usually dependencies and resources are defined for each task, then start and finish dates are estimated from the resource allocation , budget , task duration , and scheduled events.
A project is a temporary endeavor with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, [1] typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with ongoing business operations. [2]
Resource calendar: Identify key resources needed for the project and their times and durations of need. Cost baseline: This section includes the budgeted total of each phase of the project and comments about the cost. Quality baseline: Acceptable levels of quality. Sponsor acceptance: Some space for the project sponsor to sign off the document.
3. Better Productivity. Project management is important because it ensures there’s a proper plan that outlines a clear focus and objectives to allow the team to execute on strategic goals.
Milestones can add significant value to project scheduling. When combined with a scheduling methodology such as program evaluation and review technique or the critical path method, milestones allow project managers to much more accurately determine whether or not the project is on schedule. By constraining the dates associated with milestones ...
The PBS is identical in format to the work breakdown structure (WBS), but is a separate entity and is used at a different step in the planning process. The PBS precedes the WBS and focuses on cataloguing all the desired outputs (products) needed to achieve the goal of the project.
A scope statement should be written before the statement of work and it should capture, in very broad terms, the product of the project (e.g., "developing a software-based system to capture and track orders for software"). A scope statement should also include the list of users using the product, as well as the features in the resulting product.
The schedule is divided into a number of separate time periods (timeboxes), with each part having its own deliverables, deadline and budget. [citation needed] Sometimes referred to as schedule as independent variable (SAIV). [1] "Timeboxing works best in multistage projects or tasks that take little time and you can fit them in the same time slot.