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

Evaluating the project vision, o Is the business problem that the project a...

o Is the business problem that the project addresses clearly defined? o Is the list of stakeholders (ie people affected) by the project complete and correct? o Is the scope o

How are technical skills required for a successful manager, How are the tec...

How are the technical skills required for a successful manager? Technical skill consider to the proficiency in handling processes, methods and techniques of an exact kind of in

Project management cycle, It is essential that you study the list below to ...

It is essential that you study the list below to ensure that you understand the terminology used in assignment and examination questions. The successful outcome of your assessment

Changing customer demands and strong competition, In response to changing c...

In response to changing customer demands and strong competition, the new product development team of Z Company has been working on a new product range. However, the process has not

Market strategy development, Q. Market Strategy Development? Market str...

Q. Market Strategy Development? Market strategy development would require the study of the markets for potential consumers. It would also involve the study of the market for e

Equity valuation, a) Provide a detailed evaluation of an equity investment ...

a) Provide a detailed evaluation of an equity investment decision in the current economic climate. Your briefing should include: i)  A review of the 'top-down' analysis tha

What is productivity, What is productivity? Productivity: Product...

What is productivity? Productivity: Productivity may be described as the ratio between input and output. Output implies the amount produced or the number of items produce

Quality - total quality management - elements of tqm, Quality is customer d...

Quality is customer defined: Quality of service or service excellence is a desire to maintain or strengthen the commitment to the library's philosophy of service to users. Qua

Process of development, Q. Process of development? Figure shows the pro...

Q. Process of development? Figure shows the process of new product development in the form of a flow chart. As is evident, the process of development starts with the idea gene

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