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Software projects often fail, because they are not adequately managed. The establishment of effective and efficient project management practices especially with respect to time management still remains a key challenge to software organizations. Striving to address these needs, \"Best practice\" models, such as, the Capability Maturity Model Integration (CMMI) or the Project Management Body Of Knowledge (PMBOK), are being developed to assist organizations in improving project management. Yet, so far there does not exist a unified model focusing on the context of Small and Medium sized Enterprises (SMEs). Therefore, this paper presents a generic model for time planning aligned with CMMI and PMBOK.
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