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

Strategic internatic international business management, 1. Identify a poten...

1. Identify a potential target market for BNP Paribas’ retail banking’s future international expansion strategy

Discuss the objectives of performance appraisal, Question 1: a) What ...

Question 1: a) What is performance appraisal and discuss the objectives of performance appraisal? b) Elaborate on the different techniques of performance appraisal an

Process of delivering a presentation, Question : The process of deliver...

Question : The process of delivering a presentation is a systematic one that involves thorough planning as well as preparation and one of the main phases is preparing the prese

Potential side effects of the tqm initiative, Question: "Total Quality ...

Question: "Total Quality Management is regarded as a quick fix solution by many organizations.This has led various companies to start on the road to total quality improvement i

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

Multilpe choice questions, Which of the following statements about variable...

Which of the following statements about variable and fixed expenses, as they relate to relevance , is/ are true? (1) Variable expenses may or may not be, relevant costs? (2) Varia

Calculate the net present value for each opportunity, Question: A brill...

Question: A brilliant UTM student at the end of his graduation is in presence of two opportunities and has to choose between them. One is a job offer with a salary of Rs15,000

Risk categorisation , Risk Categorisation  Management of risk involves:...

Risk Categorisation  Management of risk involves:    Prevention: To deal with causes.    Recovery: To deal with effects.  There are three categories of project r

Project organisation structure, P roject organisation In this type of ...

P roject organisation In this type of organisation, the project management needs of all divisions of the company are served by a centralized separate division of skilled manag

Why is project monitoring important, Question: (a) Why is project monit...

Question: (a) Why is project monitoring important? (b) Outline the aspects you would check in a project monitoring meeting? (c) What corrective actions can be taken in th

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