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

Participative management, PARTICIPATIVE  MANAGEMENT IN LIBRARIES MANAGEMEN...

PARTICIPATIVE  MANAGEMENT IN LIBRARIES MANAGEMENT: Like most other organizations, libraries and information centres have the dual social responsibility of satisfying the needs

Tools and techniques of layout planning - templates, Tools and Techniques o...

Tools and Techniques of Layout Planning - Templates Templates are most commonly employed when preparing layouts. Templates are two dimensional (2D) or block templates consist

Line balancing methods, Line Balancing Methods  The various line balan...

Line Balancing Methods  The various line balancing methods or techniques used are: Heuristic Methods Linear Programming Kilbride and waste Methods

How to measures cost of defects for the product, Business losses per defect...

Business losses per defect that happens during operation Business interruption costs; costs of work-arounds Lost sales and lost goodwill Litigation costs resulting from de

Policy requirements, Policy requirements The following are the policy r...

Policy requirements The following are the policy requirements: A c countability for projects: For adequate definition and responsible implementation of projects the

ASSIGNMENT, OUTPUTS OF QUALITY PLANNING

OUTPUTS OF QUALITY PLANNING

How are carrying costs varied with quantity order, How are carrying costs v...

How are carrying costs varied with quantity order? Carrying Costs, that vary along with quantity ordered, contained as a. There Interest on capital investment b. There Co

Uses and benefits of risk breakdown structure, Uses and Benefits of RBS  ...

Uses and Benefits of RBS  The main uses and benefits of the RBS are outlined in this section.  Risk identification aid  Risk Breakdown Structure is used as a list that

Develop a new product from the given product ingredient, To develop a new p...

To develop a new product from the given product ingredient. • explore new ideas for product development, • understand the concept of development of a process, • gain kno

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