I installed the task-kde4-extra package as mentioned by old_guy, which pulled in a lot of other packages as well and finally task scheduler did show up. Thanks for all the help. Maybe kdeadmin4 package would have been a smaller package to download!! 
[root@littleboy ~]# rpm -ql kdeadmin4/usr/bin/ksystemlog
/usr/lib/kde4/
kcm_cron.so <-- This /usr/share/applications/kde4/ksystemlog.desktop
/usr/share/apps/ksystemlog
/usr/share/apps/ksystemlog/ksystemlogui.rc
/usr/share/doc/HTML/en/kcron
/usr/share/doc/HTML/en/kcron/common
/usr/share/doc/HTML/en/kcron/index.cache.bz2
/usr/share/doc/HTML/en/kcron/index.docbook
/usr/share/doc/HTML/en/kcron/kcronstart.png
/usr/share/doc/HTML/en/kcron/newtask.png
/usr/share/doc/HTML/en/kcron/newvariable.png
/usr/share/doc/HTML/en/ksystemlog
/usr/share/doc/HTML/en/ksystemlog/common
/usr/share/doc/HTML/en/ksystemlog/filter-process.png
/usr/share/doc/HTML/en/ksystemlog/first-opening.png
/usr/share/doc/HTML/en/ksystemlog/groupby-hour.png
/usr/share/doc/HTML/en/ksystemlog/index.cache.bz2
/usr/share/doc/HTML/en/ksystemlog/index.docbook
/usr/share/doc/HTML/en/ksystemlog/main-screen.png
/usr/share/doc/kdeadmin4-4.4.4
/usr/share/doc/kdeadmin4-4.4.4/README
/usr/share/kde4/services/
kcm_cron.desktop <-- And this/usr/share/pixmaps/utilities-log-viewer.png
Task-kde4-extra brings in;
- amarok
- digikam
- k3b
- kaffeine
- konversation
- ktorrent
- kuickshow
- smb4k
I have
all of these installed already, without having
task-kde4-extra installed as a package.