🕑 Reading time: 1 minuteMicrosoft Project is a project management system, which assist the project managers to execute and control the project activities effectively in order to meet the sponsors needs and expectations from a project. Project management involves the planning, scheduling and controlling of the activities in a project
- Planning – Defining the objectives of the project and listing the tasks.
- Scheduling – Arranging the tasks in the order in which they are to be performed and allocating the resources.
- Controlling – Calculating the optimum, durations of each activity and quantity of resources to bring out the successful completion of the project.
- Optimistic time (to)
- Most likely time (tm)
- Pessimistic time (tp)