Description
Managing the project schedule is an ongoing activity to make sure the project is meeting deadlines and providing deliverables on time.  The project schedule is used to monitor progress and keep the project on track. When significant variances occur, the schedule is updated and appropriate actions are taken.

Rationale/Purpose
Managing the project schedule helps the project stay on track. During the Execute and Control stage the project manager uses the agreed-to baseline schedule to track project progress and measure the performance of the project.

Who is Involved
Project Manager
Project Sponsor
Project Team Members

Results
Project Schedule is applied, monitored and updated
Product delivered at expected time
Project schedule status is a component of the Project Status Report