The document discusses project time management and various processes involved. It describes the process of plan schedule management which establishes policies and procedures for planning, developing, managing and controlling the project schedule. It also describes defining activities by identifying specific actions to produce deliverables, sequencing activities by identifying relationships between project tasks, estimating resource requirements for each activity, and estimating activity durations to determine time needed for each task with estimated resources. The key benefit of project time management is timely completion of the project.