Final answer:
The ultimate goal of developing a schedule in project time management is to establish a timeline for monitoring project progress, integrating defined activities, sequenced tasks, and estimated resources.
Step-by-step explanation:
In project time management, the ultimate goal of developing a schedule is to provide a basis for monitoring project progress. This involves several steps, starting with defining activities to understand all the tasks that must be completed. Next, sequencing activities is necessary to determine the order of operations. Additionally, estimating activity resources is essential to understand the types and amounts of resources needed for each task. However, it is the schedule development process that integrates all these elements and sets a timeline, which serves as a framework for tracking project performance against expected outcomes.