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Three basic components of any project: quality, cost and time must be in balance and consistent with the owner's goals in order for the project to be successful. Once the basic goals of the project are established, scheduling is the means for managing the time component of the project. Use of scheduling can be divided into two distinct phases:
During the planning phase, a schedule that is realistic and consistent with the owner's
goals is important. During the implementation phase, it is essential to manage the project
so that the original schedule is followed as closely as possible. In case of delays, the
schedule can be used to determine if the delay can be recouped. Such an evaluation needs
to consider if recovery plans impact the cost or quality of the project. The ultimate
purpose is to comply with the schedule goals and maintain the established balance between
quality, cost and time.
To assist in the efforts in schedule management, various tools during the different phases
of the project are utilized: