Once a contract has been awarded, techniques such as integrated planning
and scheduling (integrated master plans (IMP) and integrated master schedules
(IMS)) can become invaluable program baseline and risk-monitoring tools.
Integrated planning identifies key events, milestones, reviews, all integrated
technical tasks, and risk-reduction actions for the program, along with
accomplishment criteria to provide a definitive measure that the required
maturity or progress has been achieved. Integrated scheduling describes the
detailed tasks that support the significant activities identified in
integrated planning and timing of tasks. Also, the integrated schedule can
include the resources planned to complete the tasks. The events, tasks, and
schedule resulting from integrated planning are linked with contract
specification requirements, WBS, and other techniques such as TPM. When the
events and tasks are related to risk-reduction actions, this linkage provides
a significant monitoring tool, giving specific insights into the relationships
among cost, schedule, and performance risks.