Importance of Project Schedules Managers often cite delivering projects on time as one of their biggest challenges a Average time overrun from 1995 CHAOS report was 222%, improved to 63% in 2001 study a Time has the least amount of flexibility; it passes no matter what Schedule issues are the main reason for conflicts on projects, especially during the second half ofprojects Project T ime ManagementProject Time Management 3 Importance of Project Schedules ◼ Managers often cite delivering projects on time as one of their biggest challenges ◼ Average time overrun from 1995 CHAOS report was 222%; improved to 63% in 2001 study ◼ Time has the least amount of flexibility; it passes no matter what ◼ Schedule issues are the main reason for conflicts on projects, especially during the second half of projects