The significant processes involved in schedule management include the following.
Planning schedule management.
Defining activities.
Sequencing activities.
Estimating activity resources.
Estimating activity durations.
Developing a schedule.
Controlling a schedule.
Question 2
Activity/Task
An activity or a task is referred to a factor of work that is normally in the breakdown structure of the work which involves an expected cost, time duration and resource requirements.
Milestone
Milestone is referred to a significant event that has no expected time and also requires a great deal of hard work for the completion of certain tasks effectively (Schwalbe, 2010).