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

High performing multi-disciplinary management team, GBF Group is a leading ...

GBF Group is a leading food and beverage manufacturer with an international presence in over 50 countries worldwide. The group has seven strategic business units (SBUs) and each ha

Benefits of having a clear mission for pv company, T has recently been appo...

T has recently been appointed as the new Chief Executive of PV Company which manufactures cosmetics and toiletries. She has spent the first three months meeting with her senior man

Quantitative analysis., A highly sensitive device used to measure electrici...

A highly sensitive device used to measure electricity activity in the brain is required to have a variance in measurements not exceeding 0.0001 volts^2. if the variance exceeds thi

Total quality management, Total Quality Management is a philosophy gradual...

Total Quality Management is a philosophy gradually evolved from the management theories such as Management by objective quality circles strategic planning etc. To understand t

PROJECT CHARTER, GIVE ME AN EXPAMPLE OF A PROJECT CHARTER.

GIVE ME AN EXPAMPLE OF A PROJECT CHARTER.

Steps of heuristic method, Steps of Heuristic Method The heuristic ap...

Steps of Heuristic Method The heuristic approach involves following procedural steps: Identify the work ( job) Break down the work into elemental tasks or steps for

Components of participative management, COMPONENTS OF PARTICIPATIVE MANAGEM...

COMPONENTS OF PARTICIPATIVE MANAGEMENT: The involvement of staff in the decision making process of the organization and having increased awareness of the organization's purpos

Dimensions of business excellence, D i mensions of business excellence ...

D i mensions of business excellence Business excellence is a continuously evolving process and no organisation can be thought of as -excellent performer in all four dimension

How to, i get stuck being on time and orginzed. please help. is this money?...

i get stuck being on time and orginzed. please help. is this money? thanks isabella

Draw a control chart for the number of defects, Explain the concepts involv...

Explain the concepts involved in Product Layout and its advantages and disadvantages vis-a-vis process layout. 18 carpets were observed closely and the number of defects in thei

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