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

Explains the product life cycle, Question: You have been appointed as c...

Question: You have been appointed as consultant to advise a small company of your choice about its product portfolio. Write a report which: a) explains the product life cycl

What is trial balance, What is Trial Balance? Trial Balance: Afte...

What is Trial Balance? Trial Balance: After posting each and every journal entries within the ledger, a statement termed as trial balance is prepared to check the accurac

Ethics assignment, A 69 year old Greek man, Mr. Baltas, who speaks little E...

A 69 year old Greek man, Mr. Baltas, who speaks little English, was admitted to a major hospital in Melbourne for assessment and tests for a cancer-related illness. He had been dia

Continuous improvement - elements of tqm, Continuous improvement: The ...

Continuous improvement: The library should set goals for continuous improvement. To develop this a focus  on training,  education, communication, recognition  of achievements

Tqm in manufacturing , Quality is actually built into the product durin...

Quality is actually built into the product during its manufacturing. The manufacturing of a product requires a host of activates involving different departments and sect

The purpose of project management, QUESTION a) The purpose of project m...

QUESTION a) The purpose of project management is to achieve successful project completion with the resources available. Regardless of the method that is used to handle a projec

What is working of definition phase in project management, What is the work...

What is the working of definition phase in the project management? Definition phase: After the project plan that developed into the initiation phase, has been approved, a

Continuous improvement - total quality management, Do it Right First Tim...

Do it Right First Time : TQM adopt the policy of zero defect. There is no scope for rework and rejection. The right first time or zero defect is the result of an empha

Project approches, Describe your approach to tracking a project?

Describe your approach to tracking a project?

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