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 gbf group''s strategic business units, GBF Group is a leading food ...

GBF Group is a leading food and beverage manufacturer with an international presence in over 50 countries worldwide. The group has seven strategic business units (SBUs) and each ha

What is meant by lean management, X began his engineering apprenticeship wi...

X began his engineering apprenticeship with CM8 manufacturing ten years ago before moving abroad to work for other companies. He has now returned to work for CM8 as Operations Mana

What is the procedure of privatization, What is the procedure of privatizat...

What is the procedure of privatization? This is however; wrong to think about the procedure of privatization can act as a magic wand. An extremely recent comparative study of t

Prepare a proper memo addressed to bill, You are an accountant who has been...

You are an accountant who has been approached by two people, Bill and Steve, for some advice.  Bill and Steve are planning to open a furniture store in Toronto.  They plan to rent

#title.Discountingw., what is the principle of discounting and what issues ...

what is the principle of discounting and what issues are critical in this process

Characteristics of flexible manufacturing system, Characteristics of Flexib...

Characteristics of Flexible Manufacturing System An FMS is a process technology that can product a moderate variety of products in modest volumes and can do so quickly and wit

You are a Project manager at the Department of Public Works, Describe how y...

Describe how you, as a project manager in a Matrix Organisation, will set up your project r=team for the building of the community. Project team members names, and reason why they

Quantity to be manufactured, Quantity to be manufactured When only ...

Quantity to be manufactured When only few parts are to be manufactured we cannot use the processes involving more setups, costly tools and special purpose machines. The use

Explain about the work breakdown structure, Explain about the work breakdow...

Explain about the work breakdown structure. Work breakdown structure (WBS): The concept of work breakdown structure (WBS) is to assist plan effectively for a project by b

What are the benefits of project management software, What are the benefits...

What are the benefits of project management software? Project management (PM) software benefits are as follows: a. Project scheduling b. Budgeting and controlling cost

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