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

How is a network diagram constructed, How is a network diagram constructed?...

How is a network diagram constructed? A network (critical path) diagram constructed by: • Needs a pencil, ruler and 2P coin or some stencil otherwise coin for an ideal circl

Transaction cost theory could help the head of insurance, The Head of Insur...

The Head of Insurance at JKL Bank has been considering how to make efficiencies in the operation of the Car Insurance Business Unit. One option under consideration is to outsource

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

Structure of people management system, Question 1: Explain the force Co...

Question 1: Explain the force Content and Structure of People Management System Explanation of structure Explanation of content Balance between content and struct

Factors of quality, Factors of Quality The implications here are tha...

Factors of Quality The implications here are that quality is to be viewed in its totality and not restricted only to the quality of production or products or some aspects

Explain the integration of the work breakdown structure, Question: (a) ...

Question: (a) Risk has always been an intrinsic part of project management. With increasing market competition, technology, and globalization, risk management is continuously

Assignment, What is Project Portfolio Matrix? Choose three Projects A, Proj...

What is Project Portfolio Matrix? Choose three Projects A, Project B, Project C from any organization or where you are currently working as a Functional Manager. 1) Develop Project

Explain about the human relations skill, Explain about the Human Relations ...

Explain about the Human Relations skill. Human Relations skill refers to the capability to work effectively along with others and build cooperative work groups to attain organi

What are the main factors in organisation structure included, What are the ...

What are the main factors in organisation structure included? The structure gives an appropriate frame work for authority and responsibility relationships among different posit

Developing a safe system of work, Question: (a) With reference to the ...

Question: (a) With reference to the Confined Space Regulations 1997. (i) Give the meaning of ‘confined space', providing TWO workplace examples (ii) What are the speci

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