Integrated Project Management

Time, Resource, and Cost Management

Discussions of project management are often broken down into time management, resource management, and cost management. In IPM, these three considerations are all addressed in one package—the project Gantt chart. A task leader in discussion with the task workgroup determines the individual task time. A project's time is displayed as the project manager and the team put these time estimates on the Gantt chart. Additional time management is involved when risk management is done, and the risk factors are added to the project's timeline. Using the risk factors to absorb task overruns must be thought of as part of time management.

Resource management is developed as task leaders report on the team members and other ...