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

Describe the concept of earned value in project monitoring, Question: (...

Question: (a) What are the checks/actions to be carried out in a project monitoring meeting? (b) What is the rationale behind the concept of "earned value" in project mon

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

What is the estimated cost of the whole project, Question 1: (a) Using...

Question 1: (a) Using information from Table 1, build a network diagram for the project. (b) Perform a Forward Pass on the network diagram and deduce the duration of the p

Information resources and selection principle, INFORMATION RESOURCES AND SE...

INFORMATION RESOURCES AND SELECTION PRINCIPLE:   The main objective of a library can be stated as" "To provide for the information needs of a given group of users in relation t

ASSIGNMENT, OUTPUTS OF QUALITY PLANNING

OUTPUTS OF QUALITY PLANNING

Importance of power in project management, Probelm 1: a) Elaborate on t...

Probelm 1: a) Elaborate on the Verma;K(1996) model for effective human resource management and explain its importance in managing projects. b) According to the Verma; K(1996

Formulation of production specification, Specification is an important qua...

Specification is an important quality document for the product because it is here that quality fo the product as a whole is defined in precise technical terms. Although the use

Data input errors, Discuss the typical data input errors in project managem...

Discuss the typical data input errors in project management.

Internal factors of syringe management , Internal Factors Strengths ...

Internal Factors Strengths Strengths of the Syringe management plan are to increase people's manner to use the syringe. Secondly it would reduce the injury of needle ar

Skills helpful in project and programm support office, What skills are help...

What skills are helpful when working in Project and Programme support office? The skills which are most helpful probably include in Project and Programme support office: a.

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