The project schedule is an important aspect in project management since it serves as the timeline of the project. Without the project schedule, it will be difficult for everyone in the team to do the tasks within the specified period.
Thus, the Plan Schedule Management is important in managing the project schedule. This is a process that establishes the procedures, policies as well as documentation to plan, develop, manage, execute and control the project schedule.
The main advantage of this process is to provide guidance as well as direction on how the project schedule will be managed by the project manager throughout the project’s lifecycle. It is important for the project manager to use the project management plan, project charter, enterprise environmental factors, and organizational process assets to create the schedule management plan.
This particular project management process is very important because it helps the project managers plan the appropriate schedule for its team members to deliver the product, services or results within a given time. Lastly, it is important that any changes in the Plan Schedule Management process should be documented.
This term is defined in the 5th edition of the PMBOK.