Time management within the project management defines how well each activity of the project can be carried out by the project managers and their team within the given deadline. Maintaining time within the project can ensure the proper progress throughout the session in this context (Adams and Blair, 2019). However in project management concept, excellent time management requires proper planning, scheduling, monitoring as well as controlling all the activities within the project. According to the PMI or Project Management Institute, time management is considered as one of the six key functions of the project management. Therefore along with finishing all the activities within given time, project time management also refers several tools and techniques which can be used to manage the time (Wu et al. 2019). In accordance with this discussion it can be stated that project time management crafts the reasonable and detail timeline for the project delivery which can ensure the smooth run until the completion of the project. In simple term, it can be stated that this is the process through which time which has been spent can be managed and the progress which has made for the project for ensuring that everything has been completed according to the initial plan in this context.
Based on the above discussion it should be noted that every project has its own official end date, hence it cannot run for an infinite time (Willumsen et al. 2019). Therefore to meet this date, every project requires proper schedule and should know how to manage their time to ensure that the schedule has been met. In this way, the project can become more successful. In this regard, it should be noted that if time is not properly managed, it can break the success of the project. Poor time management always causes pile of negative results and it might be delay in project delivery. Hence, maintaining the time is utmost important for the successful project under different situations. This is because missing the deadline of the project can cost significant amount of money (Tam et al. 2020). Moreover project time management can create some impact on the quality of the project result. Poor prioritisation of the tasks as well as time allocation and result in the rushed work which can create more risks as well as errors compared to the systematic or throughout activities.
Hence, considering the above discussion, it can be stated that there are lots of important or benefits of time management which can be identified in the project management work. These benefits or importance of time management in the project management work is as follows, such as,
- Proper time management can reduce the stress with the project which might be associated with several activities, like, meeting deadlines or other things (Ford and Lyneis, 2020). By portraying a proper plan for time management, the project managers and team can visualise their path for completion the whole process with confidence. Hence no delay or failure as well as stress can take place
- By maintaining time in proper way can easily increase the productivity of the project. This can allow the individuals to focus on most beneficial as well as strategic needs which should be maintained in this context (Sjödin et al. 2020). Proper and effective time management can therefore give the whole project management team a sense of urgency, direction as well as control over the completion of the projects
- Along with the proper time planning, the project team makes fewer mistakes regarding their project under different situations. It can be stated that focus on the one aspect of the project can help the project manager to get their work done rightfully and in this way all the possible mistakes can be prevented (Claus, 2019). Incorporating the time values into the project plan can help the project team to understand the required investment for each task which can minimise the last minute rushes and lead towards fulfilling the time goals without sacrificing any kinds of quality
Reference list
Adams, R.V. and Blair, E., 2019. Impact of time management behaviors on undergraduate engineering students’ performance. Sage Open, 9(1), p.2158244018824506.
Claus, L., 2019. HR disruption—Time already to reinvent talent management. BRQ Business Research Quarterly, 22(3), pp.207-215.
Ford, D.N. and Lyneis, J.M., 2020. System dynamics applied to project management: a survey, assessment, and directions for future research. System Dynamics: Theory and Applications, pp.285-314.
Sjödin, D., Parida, V., Jovanovic, M. and Visnjic, I., 2020. Value creation and value capture alignment in business model innovation: A process view on outcome‐based business models. Journal of Product Innovation Management, 37(2), pp.158-183.
Tam, C., da Costa Moura, E.J., Oliveira, T. and Varajão, J., 2020. The factors influencing the success of on-going agile software development projects. International Journal of Project Management, 38(3), pp.165-176.
Willumsen, P., Oehmen, J., Stingl, V. and Geraldi, J., 2019. Value creation through project risk management. International Journal of Project Management, 37(5), pp.731-749. Wu, G., Hu, Z. and Zheng, J., 2019. Role stress, job burnout, and job performance in construction project managers: the moderating role of career calling. International journal of environmental research and public health, 16(13), p.2394.
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