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

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

Output analyzer, We used the output analyzer in order to compare the averag...

We used the output analyzer in order to compare the average waiting time spent in the urgent doctor queue in both the base model and alternative model 1 and between base model and

What are the steps of controlling in the management, What are the steps of ...

What are the steps of controlling in the management? All the steps comprised in controlling are as follows: • Purpose of standards of performance. • Measurement of defini

Wood, what is the maniipulated variable in a wood experiment

what is the maniipulated variable in a wood experiment

Describe the follow-up phase, Describe the follow-up phase, in short. ...

Describe the follow-up phase, in short. Follow-up phase: Although this is extremely significant, the follow-up phase is frequently neglected. Throughout this phase, the w

Effect of the organisational values in individual behavior, The individual ...

The individual is a central feature of organisational behavior and a necessary part of any behavioral situation. According to the study findings, that organisational value has help

Example for the need to globalize it management, Question: a) With the...

Question: a) With the help of a diagram classify the different global project methodologies (ITIL, CoBIT, Prince 2, BS 17799, COSO,....) that you are aware of in terms of deve

Explain about privatisation of public sector undertakings, Explain about th...

Explain about the privatisation of public sector undertakings. The privatisation of public sector undertakings : After independence India opted for mixed economy. The priv

How standards contribute and assist the business community, Question: (...

Question: (a) International standards are strategic tools and guidelines to help organisations to tackle some of the most demanding challenges of modern business. Given ISO sta

Determine development lifecycles appropriate for project, You have been ask...

You have been asked to acquire charge of a system growth where the customer needs about fifty per cent of the functionality very immediately to meet a business opportunity but wher

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