Project Planning in a Steel Project...

Project Planning in a Steel Project A steel project is a series of activities which takes place over a pre-arranged period of time to achieve a specified aim of commissioning of the project. The activities of steel project are usually one time activities which are not to be repeated in near future. Steel project activities differ from plant operation which consists mostly of routine activities. For achieving the specified aim, it is essential that project activities are properly and systematically planned. Project planning is done to increase the likelihood that the project will be implemented efficiently, effectively and successfully. Also, it is very much necessary that required time, resources, and efforts are provided as well used for the preparation of the project plan since a defective plan can lead the project to a situation which becomes out of control of the project team. A project plan is a formal, approved document of the project which guides the project execution and is required for the management and control of the project. It forms the basis for all the actions which are required to be taken by the project team for the implementation of the project. The planning document is not of permanent nature since it is necessary to continuously update it as the work of the project progresses. Project planning is important since (i) it guides the project team in its activities, (ii) it helps the project team to remain on track while progressing on work, (iii) It helps in focused monitoring of the work progress, (iv) it helps in the effective use of the resources, and (v) it creates confidence in everyone connected with the project that the project team by following the plans is on right course towards achievement of the results. The...