Elongated structures on the Sun’s surface known as filaments are known to have a connection with energetic events of space weather consequence (flares and coronal mass ejections (CMEs)). In this work, we explore the connection between the eruptive dynamics of filaments and the initiation of solar flares and CMEs. We estimate the filament eruption start time by tracking the filament throughout its eruption phase. We define the filament eruption start time as the time from which the filament area starts to decrease as observed in Hα images. A total of 33 eruptive filament events are reported in this study, out of which 73% are CME associated and 76% are related to solar flares. We find a good correlation between area decay rate of the quiescent filaments and the speed of the associated CMEs with a correlation coefficient of 0.75. By analyzing the time delay of the extreme ultraviolet brightening of solar flares relative to the start time of associated filament eruption, we show that in 83% of cases, filament eruption precedes the flare brightening, which indicates that eruptive filaments can be considered as one of the precursors for the occurrence of a solar flare. Finally, we study the time delay of the CME onset from the time of initiation of the filament eruption process and show that for most of the cases, CMEs occur within 2 hr from the start time of the filament eruptions. This study would be useful for space weather assessment and characterization based on automated trackers of solar filament dynamics.