CPMT 2010: Importance of Planning & Scheduling in Construction

This report emphasizes the critical role of project planning and scheduling in construction project management. It highlights how poor planning and scheduling can lead to project delays, increased costs, and overall project failure, referencing examples like the Three Gorges Dam and the Ryugyong Hotel. The report analyzes lessons learned from these failures, emphasizing that effective planning and scheduling are essential for completing projects on time, within budget, and to safeguard the market value of the organization. It concludes that meticulous planning and scheduling are vital for ensuring project success and avoiding the pitfalls of inadequate preparation in the construction industry.