1.
Both separate planning
and scheduling. In network-based project, network planning precedes scheduling
of work and budgeting of resources.
2.
Both enable systematic
and logical development of time programme of complex projects with resource
constraints. In these programmes, the scope of work and interconnection between
activities get clearly defined.
3.
Both depict
interdependence diagrammatically. This makes for easy comprehension of the
tasks involved, anticipation of potential problem areas and judging the
implication of changes.
4.
Both help in
establishing a relationship between time and cost, thus enabling optimization
of resources.
5.
Both are independent of
time axis and, therefore, do not become outdated with the passage of time.
6.
Both aid in establishing
key events, scheduling of work, budgeting of resources and measuring of risks
on a scientific basis.
7.
Both provide basis for
monitoring progress and analyzing effect of deviations.
8.
Both help in exercising
management by exception, by focusing thought of the management on critical
activities.
9.
Both provide the common
language for communication among all those connected with management of
projects thus reducing communication gaps, coordination effort and contractual
disputes.
