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Vijay, I disagree. Yes, a schedule will work if the particular processes you are tracking always run at that exact time. The window tolerance provides a buffer if the process run early. We just need something that is more than zero, but less than one hour. That is why providing a window tolerance in minutes would be beneficial.
Thank you for opening this enhancement request with IBM. It is recommended to use the schedule as a best practices and not using window tolerance, which should always be set to zero.