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  • Essay / Benefits of Project Planning - 723

    Controlling planning costs can help minimize material and labor costs. Scheduling has three benefits in terms of reducing labor costs. It maximizes labor efficiency, manages costs such that labor costs can be examined for efficiency opportunities, and minimizes administrative costs by automating organizational tasks [2]. Scheduling allows organizations to review and manage work hours for teams and departments. In this way, managers can identify necessary budget estimates, work in progress, and opportunities needed for greater efficiency. An organization can use its time management systems to analyze and optimize labor costs. The time keeping system would help match and compare actual and estimated time and budgets, thereby reducing budgetary costs. Scheduling also helps reduce administrative costs such as payroll and human resources by automating them using better time management software.