PROJECT SCHEDULING:
Schedule, in Project Management, is the sequence of activities, milestones and project deliverables with series of start and end dates connected in a logical way.
Why Project scheduling is more important?
- A project with an unrealistic schedule affects the project during the execution stage. A project manager who approved this unrealistic schedule has to face lots of problems during resource allocation, budget estimation, monitoring and controlling the project.
- A realistic project schedule helps to develop an effective financial plan for a project. With the help of the project schedule, you can prevent last-minute procurement of materials which results in cost overrun.
- The project schedule helps to develop the procurement plan so that the procurement team can negotiate with the suppliers for procuring the materials at a low cost. Also, it helps to deliver the materials on time to the execution site.
- A schedule integrates the scope, work packages, activities, resources, risks and cost. Thus a perfect project schedule creates the project execution module with better communication and execution strategies.
- Blindspots and bottlenecks can be easily identified with help of a project schedule. The issues will be identified and resolved easily so that delays and cost over-run can be prevented.
- A perfect schedule helps to control the scope of the project and its deliverables. Each deliverable is provided with target dates which helps the execution team to understand their objectives and execute them without hassle.
- Dynamic project scheduling with aid of CPM and PERT helps to identify the delay and its in the project end date. Dynamic schedules will conduct the delay impact analysis to find out the project duration after the delay.
- Baseline schedules help to compare the project present schedule with the original schedule. This baseline comparison provides detailed information about the differences between the two schedules and helps us to understand the conflicts clearly.
Today, Project scheduling tools like Oracle's Primavera P6 project management and MS Project are widely used to schedule the project in a perfect manner.
