What is the purpose of a project schedule?

The purpose of a project schedule is fundamentally to outline the timeline and sequence of tasks required for project completion. It acts as a roadmap, detailing when each phase of the project should start and finish, which helps ensure that the project stays on track. By defining the sequence and interdependencies of tasks, the schedule facilitates better planning, resource allocation, and coordination among team members. This organized approach enhances communication and provides stakeholders with a framework for monitoring progress and making necessary adjustments throughout the project's lifecycle.

Other options might refer to important aspects of project management, but they don’t directly relate to the primary objective of the project schedule. For example, determining financial viability is crucial for project planning but falls under financial management rather than scheduling. Visualizing potential risks is important for risk management but does not pertain specifically to timelines. Establishing a payroll system is related to project execution and budgeting, yet it is not relevant to the scheduling of tasks and milestones within a project.