MS Project 2007® (MSP) and the 3rd edition of Project Management Body of Knowledge (PMBOK® Guide) very much go hand in hand. While PMBOK® addresses the theoretical aspects, MSP seeks to implement them in a practical manner. However, there are some differences between the terms and terminologies, but the core concepts remain the same. This paper focuses on how best a PMP® or a professional with sound understanding on PMBOK® Guide can use and apply MS Project for Schedule Management, by exploiting the synergy between MS Project and PMBOK® Guide.