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

Identify and comment on the causes of such poor performance, Question : ...

Question : a) "Total Quality Management is regarded as a quick fix solution by many organizations. This has led many companies to start on the road to total quality improvemen

Functional organisation structure, Functional organisation In this type...

Functional organisation In this type of organisational structure people are grouped into functional divisions such as production or marketing. Every employee reports to a super

MSc PM, Hi I would like to know if you assist on the dissertation or what s...

Hi I would like to know if you assist on the dissertation or what services you can provide. Thanks,

What are the steps of controlling in the management, What are the steps of ...

What are the steps of controlling in the management? All the steps comprised in controlling are as follows: • Purpose of standards of performance. • Measurement of defini

Characteristics of process planning, Characteristics of Process Planning ...

Characteristics of Process Planning Since a process is required to manufacture a product it is necessary to plan the process. Process planning comes after it has

Disadvantages of product layout - inflexibility, Disadvantages of Product L...

Disadvantages of Product Layout - Inflexibility Inflexibility is a drawback of this type of layout. The equipment laid out is designed to perform specific operations. No machi

Find critical path and project duration, 1. Explain the concept involved in...

1. Explain the concept involved in operations strategy and the emerging trends in the area of Operations Management. 2. Draw the network. Find critical path and project duration

What is the use of critical path analysis as a tool, What is the use of cri...

What is the use of critical path analysis as a tool? The use of critical path analysis as a tool: a. It is good visual communication and planning tool for effectual time man

Peril database, PERIL Database   The Project Experience Risk Information...

PERIL Database   The Project Experience Risk Information Library (PERIL) is a database, which provides a basis for the analysis of high-tech project risk.  A project can have

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