Project Schedule is a planning process of creation of timelines on deliverables related to a project and the entire schedule is planned based on resource availability as well as coordinating the various events mentioned in the timeline with the resources, milestones and deliverables. During this process one needs to consider the number of working days available for the project and also the list of resources that are available within the project.

The entire process involves creation of activity list, Gantt Charts and Network diagrams to coordinate all activities within the project. This stage also is about creation of Work Breakdown structures (WBS). Complex tasks are broken down into simpler tasks and factored into the project. Once all the activities are broken into unitary tasks they are arranged in the proper sequence within .

Selection of a scheduling method. In Railsfactory we observer Critical Path of the project. A basic precept of Critical Path Method is that each activity will be finished before its successor can begin. The Critical path is identified as the sequence of steps that need be done for timely completion of the project.

The project milestones definition is also done in this activity to ensure we are able to identify deliverables clearly. This activity also involves factoring of buffer to ensure that all risks of a given activity are properly addressed in the project. Applying lag and leads before any activity will ensure better forecasting. Definition of KPI (Key Performance Indicators)and other metrics for Project management are done in this process. KPI will be in respect to project scope, time taken and cost of the project too. Covering all this a project schedule is defined.