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

Illustrate the division of work in economics, Illustrate the division of wo...

Illustrate the division of work in Economics? Division of Work (or Labour): It s a famous principle of Economics, invented through the traditional economist as defined by

What are the advantages of critical path analysis, What are the advantages ...

What are the advantages of critical path analysis? Advantages of critical path analysis (CPA): a. Classifies interrelationships in between various activities or tasks

Value engineering, Value Engineering Value Engineering is not a program...

Value Engineering Value Engineering is not a program but a process. It is a systematic method used to improve the "value" of the goods or the products and services through exam

Elements of total quality management, ELEMENTS OF TOTAL QUALITY MANAGEMENT ...

ELEMENTS OF TOTAL QUALITY MANAGEMENT (TQM): The philosophy of Total Quality Management is based on understanding customer needs and improving customer service and satisfaction

Feasibility Study, Want to create a feasibility study for class assignment ...

Want to create a feasibility study for class assignment using consulting firm as my entrepreneur business located in Charlotte, North Carolina USA question..

Responsibilities associated with policy requirements, R esponsibilities ...

R esponsibilities Following responsibilities are associated with policy requirements: P roject leaders Project leaders notify federal government departments or agenc

What are the questions of the initiation phase, What are the questions of t...

What are the questions of the initiation phase? Questions to be answered in the initiation phase include the given as: • Why only project management? • Is this feasible?

Factors can make competitive rivalry between organisation, DF Company, a re...

DF Company, a relatively new company, is in the business of designing and building farm equipment and machinery. Whilst it has been winning in its first few years of operation, sal

Project lifecycle for the training centre project, T Company has identified...

T Company has identified a need for, and made a decision to open, a new training centre in one of the major cities in E Country. This is a large scale project for T Company and it

What are the contents of project planning document, What are the contents o...

What are the contents of project planning document? Contents of a PPD (project planning document): a. Project resource plans b. Quality control and quality policies proce

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