A schedule is any plan structured on a time dimension, including a project management schedule, financial plan, operating schedule, and staff schedule.
Schedules are key management tools for tracking and communicating the progress of a project.
You can use a project schedule to:
Track the planned versus actual progress of your project and show your team and your sponsor how the project is progressing.
Evaluate the planned versus actual progress of your project, and determine whether to revise the project to meet major milestones and completion tasks.
Communicate task interdependencies to the project team, project sponsor, and other stakeholders.
Determine whether to accept or reject a change based on how it affects the sequence of tasks, resources needed, staff responsibilities, major milestones, and project completion date.