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

Explain role and nature of estimates in project management, Question 1: ...

Question 1: Discuss the major elements required in a project control system and explain how a control system can be developed. Question 2: (a) Explain the role and natu

What types of problems solved by break even analysis helps, What types of p...

What types of problems solved by Break even Analysis Helps? Break even Analysis helps to solving the given types of problems as given below: 1. What volume of sales will be

Project cost management, Your project sponsor has asked you and your team t...

Your project sponsor has asked you and your team to refine the existing cost estimate for the project so that there is a solid cost baseline for evaluating project performance. Rec

How is risk management assist in project management software, How is risk m...

How is risk management assist in project management software? Risk management: Project management software will assist manage the sheer complexity of managing funds and tools,

Describe the key characteristics of a good project, Question 1: a. How...

Question 1: a. How would you define a project? What are the different types of project that exist? (Please illustrate using a model with examples). b. Enumerate and descri

Types of histograms, H i stograms are of five types. They are: B...

H i stograms are of five types. They are: B ell shaped: It can be applied for concepts such as average and standard deviation. D ouble peaked: It is used to com

Mapping project - mapping system, i. Select a small mapping project appl...

i. Select a small mapping project applicable to your 'mapping' system that aims to present a theme or specific solution (e.g. tourist map, farm map, habitat map, etc.). ii.

Define role of initiation phase in the project management, Define the role ...

Define the role of initiation phase in the project management. Initiation phase: The initiation phase is the starting of the project. In this phase, the concept for the p

Preliminary design, Having given the guidelines in the form of design s...

Having given the guidelines in the form of design specifications the designer should be given a free hand in developing the preliminary design of the product. However i

Explain the wbs or cbs budgeting planning in project, Explain the WBS or CB...

Explain the WBS or CBS budgeting planning in project. Throughout a project, financial control can be accomplished by actual expenses being tracked against every budget assigned

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