What are the benefits of planning & scheduling?

Clearly communicating the job’s work plan and resource requirement timing to the other business functions (Construction, Equipment, Accounting, etc.) within the company. Thus proper planning & scheduling ensures that labor, materials, equipment and subcontractors are on the job when needed.

Planning and Scheduling is the first step in trackling your return on every project. P&S leads to credible estimates which in turn can lead to budgeting. When compared against the actual cost, it is the first line alrm bell when the ROI on your projects starts to go down.

P&S is a very essential keystone in the scheme of management of projects.

Having been in Project management field for 30 years I could probably put in a page or two about the importance of P&S. If any one needs references, please do drop a line.

Planning in construction is to ensure that the sequence and magnitude of the activities necessary in the work efficiently are properly understood and identified, their logocal relationship established and scheduled to a time duration and the resources needed for carrying them out well in time, for the entire project to be completed within the overall time schedule, are assessed and made available timely and economically.

Economically because to achives business objective of profit earning. Measuring and comparing the actuals of inputs and outputs with budgets.

Planning shall also cover the actions necessary to offset or revers and nullify, by improved performence.

A proper planning & scheduling helps in predicting and mitigating the time and cost consequences of changes requested by the owner or caused by unforeseen problems.

It also helps in notifying other departments within your company of the support you need and when you need it. Forecasting cost-to-budget variances and cash flow becomes simple & easy.

Why we plan and schedule? P&S is a revenue earning tool where the companies know their capacity to bid further and add more to their kitty.

Project plan provides better clarity and control over the project to all the stakeholders at any given point of time.

The project performance can be measured and accordingly course of actions can be branched out to ensure the stability.

Planning and scheduling make our work easier and by follow that we can be complete our work in a targeted time frame.

BENIFITS OF PLANNING AND SCHEDULING ;-

MATERIAL PROCURMENT IN TIME.

MEN POWER MANAGMENT IN TIME.

BUDGETORY PROVISONS WELL IN ADVANCE.

EARLY RETURN IN FORM OF PAYMENTS RECEIVED.

COMPLETION IN TIME.

SAVING OF OVERHEAD EXPENDITURE DUE TO TIMELY COMPLETION.

EARNING GOOD REPUTATION.

"Not Planning means You are Planning to fail" and supporting to this scheduling as Communication "The intra communication between the members of company are the crux of a right business"  and fusion to both a good Result as a conclusion.

Even both are different in nature but works sequentially and relative to each other in terms of better enhancement in outcome which leads to a successful completion and coherent execution i.e. work done along with known resources with complete ledger.

Just like palnning for a Delhi trip with familiy on 15th February'11 and purchasing the tickets today.

project work start with proper planning of time , funds, and target of work how start the work and proper contact with time schedul and bar chart and flow up.

material arregemsnts as per schedul also must.