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Advantages:
- Everyone is clear on what the milestones are and when
- Everyone is aware of the dependencies and what other work is happening when
- You are able to clearly track progress
- You are unlikely to miss something major by having a plan
Disadvantages:
- Too much time can be spent tweaking Gantt charts to get everything lined up
- Too long of a plan takes a great deal of time to update
- Project sponsors assume every task as set in concrete which reduces your flexibility to change the order of deliverables around and yet still meet the end date
- Getting bogged down in the details of the plan can cause one to lose sight of the big picture
- Increases the risk that time is spent managing the plan instead of managing the people
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