Hi Ritu,
Before you go with the activity, call for a meeting with all the HODs explore the possibilities. Explain about the eligible leaves, Holidays, Weekly offs, appraise about the buffer required, schedule, obtain permission and initiate.
On personal front, go start working then you will understand because the theory part won't work here. Unauthorized absenteeism, exigencies and unplanned leaves like maternity, ESI, Elections all these are going to be part of and will disturb your plans.
All the best
Kamesh