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

LIne balancing, Q3. What do you understand by “line balancing”? What happen...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

Commercial project negociation, I want to make a report on this topic by to...

I want to make a report on this topic by tomorrow morniing

Explain what is public-private-partnership, Question : (a) Explain wha...

Question : (a) Explain what is public-private-partnership (PPP)? (b) What are the benefits of public-private-partnership? (c) Explain the different forms PPP arrangeme

Problems associated with policies-planning function, Problems associated wi...

Problems associated with policies 1) Policies are liable to different interpretations since they allow discretion and are usually broad. If made specific they become rules and th

How you would estimate the project management activity, Explain how you wou...

Explain how you would estimate the project management activity. Project management: This effort is dependent onto two things as whether a full-time project manager is to be

Plan, Plan A plan is a blueprint or framework used to describe how an o...

Plan A plan is a blueprint or framework used to describe how an organization expects to achieve its goals. Planning is the process of developing plans or determining how best t

Contrast cost benefit analysis with investment appraisal, Question: (a)...

Question: (a) Describe cost benefit analysis as used to appraise large public sector investments. (b) Compare and contrast cost benefit analysis with investment appraisal.

Describe master service agreement, Problem 1: Is closing of a clinical ...

Problem 1: Is closing of a clinical trial as important as initiation? Justify your answer with suitable examples. Difference between closing of a clinical trial and initi

Control charts, C ontrol charts Control  charts  are  tools  used  for...

C ontrol charts Control  charts  are  tools  used  for  monitoring,  controlling  and  improving processes over time. These are applicable to administrative processes.

Perform a status assessment of the project iteration, Perform a status asse...

Perform a status assessment of the first project iteration (IIP1). DO NOT GENERALISE. Assess each activity separately and specifically against the intended outcome stated in the it

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