Project Time Management is the process of planning, scheduling, monitoring, and controlling time-related aspects of a project to ensure timely completion. It involves defining activities, sequencing tasks, estimating durations, allocating resources, and developing a project schedule. Effective time management helps prevent delays, optimizes workflow, and ensures that project milestones and deadlines are met. Key components include techniques like Critical Path Method (CPM), Gantt charts, and time-tracking tools. By proactively managing time, project managers can mitigate risks, improve efficiency, and enhance overall project success.