Correct Answer: not include any control thresholds
the schedule management plan is a crucial component of the overall project management plan. it outlines how the project schedule will be managed and controlled throughout the project lifecycle. the nature of this plan may vary—it can be formal or informal, highly detailed or broadly framed, depending on what suits the project best. however, regardless of its detail or formality, the schedule management plan includes one critical element: control thresholds.
control thresholds are essential because they define the points at which corrective actions need to be taken to bring the project back on track if deviations occur. these thresholds act as trigger points that, when crossed, prompt a review and adjustment of the project schedule to ensure that the project goals are still achievable within the designated time frame and resources.
without such control thresholds, the project runs the risk of drifting away from its original schedule without timely corrections, potentially leading to delays and cost overruns. for example, if a particular phase of the project is falling behind, predetermined control thresholds would signal the need for intervention, allowing project managers to implement necessary measures to realign the project with its planned schedule.
in the development of the schedule management plan, the project manager specifies the methodology and tools that will be used to create and manage the project schedule. this might include specific software tools, techniques for estimating task durations, and methods for monitoring project progress. by clearly outlining these elements, the schedule management plan helps ensure that all team members are on the same page and that the project adheres to a consistent approach toward schedule management.
thus, stating that the schedule management plan "may not include any control thresholds" is incorrect. including control thresholds is fundamental to the effectiveness of the schedule management plan in guiding the project to completion on time and within budget. this inclusion helps maintain the discipline necessary for schedule monitoring and control, which is integral to successful project management.
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