Reduces Lead Time: The project schedule gives an outline of the tasks that are to be completed on a priority basis or simultaneously with other tasks. This keeps the team members notified about it and prevents any delays or postponing of tasks, thus reducing the lead time.
Reduces Lead Time: The project schedule gives an outline of the tasks that are to be completed on a priority basis or simultaneously with other tasks. This keeps the team members notified about it and prevents any delays or postponing of tasks, thus reducing the lead time.
Identify the project-related tasks.
Facilitates Productivity: Upon evaluating logical connectivity between the tasks, resources that are not optimally utilized can be assigned on extra tasks, thus enhancing productivity.
Foresee problems in Advance: A precise project schedule enables one to foresee any problems in advance pertaining to either, under or over-utilization, of resources and ensures optimum consumption of the same.
Sets a Goal: A project schedule allows us to set goals, short-term or long-term, providing a direction and vision while executing the project. It also makes everyone in a team aware of the guidelines and methods to attain these goals. Without a schedule, the project would be vaguely defined. Thus, making it cumbersome to manage and organize the tasks so as to run it successfully.
Current Progress Updates and Alerts: The project schedule is a sketch that gives way to the project. A project might go through certain challenges, however, if there is no route map, how would a project move in the right direction? In such a case, a project schedule helps in assessing how off-track a project has been and possible ways to bring it in the correct direction.