Planning and scheduling involves fundamental engineering principles of first analyzing a problem and then developing a solution to meet defined needs. Key objectives include effective time management, optimizing the sequence of events, and defining necessary resources to ensure timely project progress. Gantt charts and PERT charts are common tools used to plan and schedule projects, with Gantt charts focusing more on calendar timelines and PERT charts emphasizing task dependencies. Function point analysis is an alternative technique for estimating the time and effort required for a software project based on identifying and weighting various user-requested application components and functionalities.