Features of A Project Would Include

Lakshay dhamija
03019101717
Bba m6a
Assignment
A Project is "A temporary endeavour undertaken to create a unique product or

service or result" (Rory Burke 2003, p.2) and would differ from size, scope and time
spent and would have a definite end to complete a specific objective, through a
unique set of interrelated tasks and utilization of resources and costs.
Hospitality is an industry constantly been developed in an ever changing market due

to its demand. Refocusing on concepts and its products has become more complex
where the industry has moved from providing accommodation and services to
offering consumer product in a developed market.
Hospitality and Tourism development projects could focus on,
Construction or renovation of a hotel
Include a new sports or spa treatment centre to its existing business
Improving its sales and marketing
New advertising campaign to launch new products
Improve its customer service and staff training
Fund raiser or social responsibility activity
Conducting an audit to improve its quality
Projects further have become more complex and are lengthy processes of
conceptualization, planning and construction even before its operational and
generate income. (Rinsley & Ingram 2006)
Features of a project would include:-

A Start and a Finish - Might be difficult to define a specific time period
A life Circle – Has a beginning and end with difference phases taking place
Budget – Associate with cash flows
Resources – Coordination with inter departments or may be raw materials
Responsibility – Taken up by a Project Manager
Fast tracking – Pre- selling or marketing the product
Team Role – Team building
Importance of Project Management

Is a defining factor for an organizations success and determine potential risks to an
organization which in turn could bring timely solutions to overcome a situation. It’s
further essential as a planner for an organization to achieve its goals and objectives.
Organizations would execute its own planning which will differ from one
organization to another to gain its desired results and requires lager capital
investment and a wide range of managerial skills. (Rinsley & Ingram 2006)
Figure 1- Process of a project
Source – Author concept
With the allocation of tasks, the Manager in charge is responsible for drawing out a
plan in the above mentioned order and thereafter delegates his team with tasks
which is supervised thereafter. Further is seen through quality of the product,
customer satisfaction, employee satisfaction, efficiency and mitigation of risks
involved. (asp-press.com-2012)
Project Management frame work

Focused on balancing the following aspects which will determine the deliverable
objectives
of the project.
Time Management
Cost Management
Scope management
Quality Management
Project Management knowledge areas
Further defined as Project Management body of knowledge - PMBOK as nine
knowledge area’s.
Project Integration – Integrates three main processes such as Planning, Execution and
Control. Further is effected by all following knowledge areas.
Following knowledge areas leads to specific project objectives.
Project Scope - Primary concern is defining and controlling what is and not included
in a project to meet stakeholder goals and objectives. Further consists of scope
planning, scope definition, authorization, scope change and scope verification.
(Rinsley & Ingram 2006)
Project Time - Estimating the time of completion of a project. Activity definition,

sequencing, estimation its duration, establishing a calendar, schedule on the
development and time control.
Project Cost - Preparing and managing budgets for the project, further ensuring that
the project is completed within the approved budget. Consists of resource planning,
cost estimation, cost budgeting, cash-flow and cost control.
Project Quality – Ensuring the project will satisfy the needs that were required,
making and determining the required condition, quality planning, quality assurance
and quality control.
Following knowledge areas are the means which the project objectives are achieved
Project Human Resource – Make effective use of its team members involved.
Consists of organizing and planning, staff acquisition and team development
Project Communications – Involve in generating, collecting, disseminating, storing.

Consists of communication planning, information distribution, project meetings,
project reporting and administrative closure
Project Risk -Analyzing, identifying and responding to risks. Consists of risk

identification, risk quantification and impact, response development and risk control.
(Rory Burke 2003)
Project Procurement - Involves in acquiring goods /services to a project. Consists of

procurement planning, solicitation planning, source selection

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Lakshay dhamija

A Project is "A temporary endeavour undertaken to create a unique product or

Hospitality is an industry constantly been developed in an ever changing market due

Hospitality and Tourism development projects could focus on,

Construction or renovation of a hotel

Include a new sports or spa treatment centre to its existing business

Improving its sales and marketing

New advertising campaign to launch new products

Improve its customer service and staff training

Fund raiser or social responsibility activity

Conducting an audit to improve its quality

Features of a project would include:-

Resources – Coordination with inter departments or may be raw materials

Responsibility – Taken up by a Project Manager

Fast tracking – Pre- selling or marketing the product

Team Role – Team building

Importance of Project Management

Figure 1- Process of a project

Source – Author concept

Project Management frame work

Following knowledge areas leads to specific project objectives.

Project Time - Estimating the time of completion of a project. Activity definition,

Consists of organizing and planning, staff acquisition and team development

Project Communications – Involve in generating, collecting, disseminating, storing.

Project Risk -Analyzing, identifying and responding to risks. Consists of risk

Project Procurement - Involves in acquiring goods /services to a project. Consists of

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