Project Planning usually applies to specific projects within any business plan or as part of the company's day-to-day operations. They can be as simple or as complex as needed.

Most construction companies use very complex models to illustrate the complex relationships between key components of the project and to track the critical resources needed. Your particular project may require something in between.

Effective project planning helps to keep a project "on time and on budget" and gives team members a reference to check against for critical decision points and to track their current status.

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