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

Worker engagement, what is worker engagement? What are worker engagement a...

what is worker engagement? What are worker engagement approaches?

Important role that the corporate level strategy, Strategy is developed at ...

Strategy is developed at different levels in large organisations. The process starts with the corporate strategy which is then translated into the strategy for the business divisio

Internal and external environment of an organisation, This project requires...

This project requires you to choose an organisation of your own choice and discuss on the following with respect to your chosen organisation: External Environment Mega

Describe the features of an mrp system, Problem 1: (a) Describe the mai...

Problem 1: (a) Describe the main features of an MRP system. (b) Show the circumstances in which MRP would be most appropriate. Problem 2: Describe the impact of stor

Project management and leadership, Scenario Even ‘well run' organisations c...

Scenario Even ‘well run' organisations can fail to stay atop of their industries when they are challenged by certain market or technology change. Change is an imminent part of busi

Calculate the net present value for each opportunity, Question: A brill...

Question: A brilliant UTM student at the end of his graduation is in presence of two opportunities and has to choose between them. One is a job offer with a salary of Rs15,000

Matrix organisation structure, M a t r i x organisation A matrix o...

M a t r i x organisation A matrix organisation is a combination of functional and project organisation. A weak matrix organisation has most of the characteristics of a fun

Show idea screening in process of development, Q. Show Idea Screening in Pr...

Q. Show Idea Screening in Process of development? Idea screening involves the acceptance of formulation of the idea by doing cause and effect analysis. This stage usually ident

Project, Choose a claim at one of the projects from your organization or an...

Choose a claim at one of the projects from your organization or another one and discuss the following topics (giving reasons for your answers). Submit your answers using PowerPoint

Definitions of management, Definitions of management Several definition...

Definitions of management Several definitions of management have been given by different scholars. Mary Follet defined management as "having work done through others." Another

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