Good project planning, Project Management

Assignment Help:

Over the years, E has had a number of business successes in the building trade and property development. Her latest venture is to build a hotel in YX town. E has already gained the financial backing, identified a suitable site, had an architect draw up plans and received planning permission. She wants the construction work on the hotel to begin without delay.   

E has appointed P to be the project manager on the basis of his impressive record of managing successful construction projects. Though, conflicts are already emerging as E is interfering in the management of the project. She is frustrated by the time P says he needs for the project planning phase, and is irritated by his insistence on formalising the project management process. E is putting pressure on P to cut corners in the first stages of the project, and to get started on the construction of the hotel.

Discuss the potential problems that the hotel project could face without good project planning.

A key part of the planning stage of the project management process contains defining clear objectives and setting realistic estimates in terms of budget and time and resources required.  Without this, it is unlikely that an estimation of the baseline budget and project schedule can be constructed to present a realistic assessment of the time and funding needed, and the resources required for the successful execution of the hotel project. The outcome could be that the project ends up with unrealistic timescales and the dissimilar activities may not be sequenced logically, to make the most effective and efficient use of resources. This could also result in budget overspend and delays in several stages of the project. Ultimately the hotel project may fail to be completed on time.    

 


Related Discussions:- Good project planning

Risk breakdown structure for a project , Risk Breakdown Structure for a Pro...

Risk Breakdown Structure for a Project  Risk Breakdown Structure (RBS) is a hierarchical list of risks, which standardises the department's personnel resources that help in pla

Advantages and disadvantages of a matrix project structure, C Consultancy C...

C Consultancy Company gives management consultancy to a range of organisations.  It employs staff who have dissimilar industry backgrounds and who also offer dissimilar specialisms

Factors affecting process planning - processing method, Processing Method ...

Processing Method The process by which  product is made has a direct impact on the  process planning because variation of the  process will vary  the type of machine  tool, eq

Understand strategy of organisation by project manager, Why is it significa...

Why is it significant for project managers to understand the strategy of the organisation which uses their services? This enables the project to be considered in the context of

Why does the public sector exist, Question 1: a) Why does the public s...

Question 1: a) Why does the public sector exist? b) Discuss 5 ways in which the public sector is different from the private sector. c) The public sector is a clo

Quantitative layout analysis - travel chart, Quantitative Layout Analysis -...

Quantitative Layout Analysis - Travel Chart A basic tool that is primarily used to analyze the material handling cost or in certain cases number of moves in a process layout i

High performing multi-disciplinary management team, GBF Group is a leading ...

GBF Group is a leading food and beverage manufacturer with an international presence in over 50 countries worldwide. The group has seven strategic business units (SBUs) and each ha

Marketing, labeling and packaging of cadbury products in terms ok marketing...

labeling and packaging of cadbury products in terms ok marketing

Project risk profile owners, Project risk profile owners  Project risk ...

Project risk profile owners  Project risk profile owners must make sure that they deal with each and every risk of the project. The responsibilities of the project risk owners

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd