Muhurat is a time period of forty-eight minutes or two ghatis. To start any action or process or life starting at auspicious muhurat time helps in smooth or less troubled riding. Relevance of muhurat also lies in its being a means through which one can adapt to nature. Instead of going against natural forces it is better to begin when the cosmic power is favorable.
Panchanga (Pancha+anga) is five parts or limbs. It can also be referred as tithi in Hindu calendar. Five parts are: Tithi (Lunar day), Vaara (Day of week), Nakshtra (constellation), Yoga, and Karna (Half of Tithi). The panchanga is based on our Solar system is dynamic changing continuously. finding a good Panchanga is first step, used to find auspicious muhurta.
In order to find a good muhurat one has to find auspicious all the five limbs/elements of panchanga