In project management, the known steps are anticipated. known steps are not accounted for in advance. schedule excludes any form of "slack" to account for unforeseen difficulties. managers make it possible to have different interpretations of the phrase "on time." Question 7 1 pts is a project management tool that describes the temporal relationships of events or tasks and also shows projected and actual schedules. A PERT chart A Gantt chart A grading chart A tracking chart.