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

Elaborate the four possible choices in allocating the risk, QUESTION Ri...

QUESTION Risk is inherent to all projects. With increasing market competition, technology and globalisation, risk management is continuously gaining wider acceptance and import

5. Reduction in Length of Stay for Heart Failure & Shock Pat, ABOUT THE CAS...

ABOUT THE CASE STUDY. This explains about the case study in general, its purpose, the problem identified, and the proposed solution (500-word count) V. PROJECT MANAGEMENT INTEGRAT

Types of information collected when undertaking competitor, S is enrolled o...

S is enrolled on T Company's management development programme.  Although S has a financial background, the aim of the management development programme is to help him to gain a bett

Virtual museum project, Building design - You can select any building to ho...

Building design - You can select any building to house your museum.  It may be a historical building that we study (i.e. the Pantheon), it may be a current museum anywhere in the w

#title.Discountingw., what is the principle of discounting and what issues ...

what is the principle of discounting and what issues are critical in this process

Managerial function of organizing, Managerial function of organizing Or...

Managerial function of organizing Organizing is the process of grouping activities and resources in a logical and appropriate manner. Because of the changes that take place wit

Steps to create run chart, The steps to create a run chart are: 1.   Id...

The steps to create a run chart are: 1.   Identify the process to be observed: Ensure that the process involves some kind of repeatable activity in which results remain consis

Describe edgar scheins levels of organisational culture, Problem 1: Des...

Problem 1: Describe the importance of Employee Relations Management in an organisation. Describe employee relations management Importance of employee relations managem

What is project management methodology, Question 1: (a) What is project...

Question 1: (a) What is project management methodology ? (b) Why do you say that project management is the best method of implementing change ? Question 2: (a)

Importance of materials management, Importance of Materials Management ...

Importance of Materials Management The  primary  and secondary  objectives  listed  above  should  themselves give us clear idea about  the  importance of materials management

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