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

Software project, Scenario: You are a member of the Project Review team for...

Scenario: You are a member of the Project Review team for CK Software Services. At the next meeting, the team will discuss the scheduling for the new automated teller machine (ATM)

Need for safety, Need for safety 1. Cost Saving: Two type  of costs ...

Need for safety 1. Cost Saving: Two type  of costs  are incurred by the management  when an accident  occurs. There are the  direct  costs in the  form  of compensation paya

Equity valuation, a) Provide a detailed evaluation of an equity investment ...

a) Provide a detailed evaluation of an equity investment decision in the current economic climate. Your briefing should include: i)  A review of the 'top-down' analysis tha

Traditional forms of organisation, T raditional forms of organisation ...

T raditional forms of organisation Traditional forms of organisations were classified into five types based on the following differentiations. Functional differentiati

Pareto charts, P areto charts It is a very helpful tool to identify th...

P areto charts It is a very helpful tool to identify the greatest opportunity for improvement among  various  possibilities  and  to  identify  the  small number  of  most inf

Process of development, Q. Process of development? Figure shows the pro...

Q. Process of development? Figure shows the process of new product development in the form of a flow chart. As is evident, the process of development starts with the idea gene

Demonstration of work plan of national weather service, The National Weathe...

The National Weather Service The Scenario:The National Weather Service has recently faced downsizing due to a significantpersonnel shift in the Obama budget.  The White House budg

Merits of external recruitment-human resource management, External recruitm...

External recruitment has certain merits: The selection of staff can be made from a much greater number of people. It brings individuals into the organization who have d

Methods used to performance appraisal of workers, What are the methods used...

What are the methods used to performance appraisal of workers? The methods used within performance appraisal of workers are ranking method, Paired Comparison Technique, Forced

Calculate how much float/slack time, ST is the operations director of F Bak...

ST is the operations director of F Bakery. He is in the process of putting together a project plan for the introduction of a latest production plant that will enable the bakery to

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