To ensure a project is completed on time at minimum cost will involve an effective project management and most especially project planning. In the planning stage it is important to set out clear objectives, identify the right stakeholders, develop detailed project plan, set realistic deadlines, set appropriate budget for the project etc. This will ensure all stakeholders have proper understanding of what to be accomplished within the set timelines. In addition to project planning, identifying potential risks / creating contingency plans are also essential. This will enable the project team to be prepared to address unforeseen issues that can impact the project schedule and resources