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

Back to school crunch at global green books publishi, what risks can you id...

what risks can you identify? why are they risk to global green books publishing?

Design of an accounting system, Discuss the considerations that management ...

Discuss the considerations that management should take into account in determining the design of an accounting system which will satisfy both (i) its own information requirement

What modification issues would you suppose to encounter, Suppose you are th...

Suppose you are the project manager of a new management accounting system which will give monthly profit and loss accounts to a series of 30 computer dealerships, each of this is f

Approaches of soft systems methodology and socio-technical, Why are approac...

Why are approaches as like the Soft Systems Methodology, Business Process Reengineering and the Socio-Technical Approach relevant to IS project managers? The development of inf

Importance of power in project management, Probelm 1: a) Elaborate on t...

Probelm 1: a) Elaborate on the Verma;K(1996) model for effective human resource management and explain its importance in managing projects. b) According to the Verma; K(1996

How to measures defect ratios for the product, Defects found after product ...

Defects found after product delivery per function point Defects found after product delivery per LOC Pre-delivery defects: yearly post-delivery defects Defects per functio

Software project, Scenario: You are a member of the Project Review team for...

Scenario: You are a member of the Project Review team for CK Software Services. At the next meeting, the team will discuss the scheduling for the new automated teller machine (ATM)

Flow charts, Flow Charts Flow chart is the most familiar tool to unders...

Flow Charts Flow chart is the most familiar tool to understand processes. It is used to identify a sequence of events in a process. Using flow charts require six deliberate act

Explain about the term cost-benefit analyses, Explain about the term cost/b...

Explain about the term cost/benefit analyses. Cost/benefit analyse: Cost/benefit analysis is the procedure of knowing, and as far as probable quantifying, the costs of res

Quantitative layout analysis - correlation chart, Quantitative Layout Analy...

Quantitative Layout Analysis - Correlation Chart  In this technique we draw a gird with rows presenting alternative solutions. Plant item can be a ground floor (G >F) First fl

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