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

Purpose of automated storage and retrieval systems, Purpose of Automated St...

Purpose of Automated Storage and Retrieval Systems The main purposes of installing ASRS are as follows: 1. Increase Storage Capacity : ASRS ordinarily  increase the  stora

Importance of undertaking a project completion review, L Company, a manufac...

L Company, a manufacturer of family cars, has invested in a robotic painting system for its cars Ensuring the right quality of paintwork on each car is a critical success factor fo

Performance measurement - elements of tqm, Performance measurement: Pe...

Performance measurement: Performance measurement needs to be based upontimely measures of, and feedback on, performance. It provides information ontoday's service and gives an

Explain about the process of managing risk, Explain about the process of ma...

Explain about the process of managing risk. A process of managing risk: 1. Risk committee establish to address risk issues categorised for example usual risk audits, to estimat

Different stages in the negotiation process, In the face of rising costs, t...

In the face of rising costs, the senior management in PT Company has decided that significant cuts will be needed in the budgets of some of its departments. The promotional budget

Project managment traffic lights, #questionhi i sent my assignment yesterda...

#questionhi i sent my assignment yesterday but havenot recieved any reply yet ..

Project management requires three important activities, Question (a) Pr...

Question (a) Project Management requires three important activities, namely planning, estimation and scheduling. Discuss the differences between them. (b) Scheduling of proj

Span of management-managerial function of organizing, Span of management ...

Span of management Span of management refers to the number of subordinates who directly report to one superior. If a manager has too many subordinates then his span is wide and

The importance of each phases of the project life cycle, Question (a) D...

Question (a) Discuss the importance of each phases of the project life cycle (b) Assumptions make estimates more accurate. Do you agree with this statement? (c) Outline s

Explain the role of project manager in short, Explain the role of project m...

Explain the role of project manager in short. Project Manager: The project manager is conscientious for the daily management of the project into constraints laid down thr

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