Time is the most valuable resource in a project, second only to the individuals involved. Truly, it is a terrible resource to waste.
Every Milestone or delivery you are supposed to hit is time-bound. Consequently, without effective time management, a project heads towards disaster. So, when it comes to project time management, it is not just the time of the project manager, it is the time management of the project team.
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Contributed by Matt Holmes, OIT Project Manager