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

Project strategy , what is the relationship between strategy and project ma...

what is the relationship between strategy and project management. what part do leadership and governance play in project. 3. What is the role of portfolio management and programme

Cost benefit analysis, How to determine which project have larger net benef...

How to determine which project have larger net benefit between two projects

Location models or methods, Location Models or Methods Factor rating ...

Location Models or Methods Factor rating system Factor Rating System are  perhaps the most   widely used  of the  general location  techniques because they provide  a mec

Steps associated with the closure of a project, Question: There is a cy...

Question: There is a cycle associated with the life of a project. This runs from the commencement to the completion of the project with authority being required for both the co

What are the steps in organisation design, What are the steps in organisati...

What are the steps in organisation design? Steps comprised in Organisation Design are as illustrated below: a. Understand and formulate the goals and things of the organisat

How to achieve competitive benefit, DF Company, a relatively new company, i...

DF Company, a relatively new company, is in the business of designing and building farm equipment and machinery. Whilst it has been winning in its first few years of operation, sal

RESEARCH PROJECT, #question:QUESTIONNAIRE ON CUSTOMER ATTITUDE TOWARDS TELE...

#question:QUESTIONNAIRE ON CUSTOMER ATTITUDE TOWARDS TELECOM SERVICES..

Functional project structure, QUESTION (a) The project lifecycle refers...

QUESTION (a) The project lifecycle refers to a logical sequence of activities to accomplish the project's goals and objectives. Regardless of the scope or complexity any projec

Supplier Shortlist, Assume that you have been asked to procure a new integr...

Assume that you have been asked to procure a new integrated software application for patient records management for your local hospital. Describe the process you would follow to sh

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