Project management Essay Example | Topics and Well Written Essays - 1500 words - 23

Project management - Essay Example Project planning and budgeting helps project managers to take pro-active measures to avoid some of the risks that emerge from the external and internal environment that surrounds the contractors (Kerzner, 2013). Project planning is an iterative process. Tasks undertaken are interdependent of each other; hence, failure of a subsystem affects the whole systems. Project planning rescues the project team from unforeseen circumstances due the high uncertainty that is with a majority of projects. The first stage of the project plan is identifying the goals of the project. In the stage, beneficiaries of the project are identified and the stakeholders. Their needs are so that the project is designed to meet them. A schedule is then developed to establish the amount of time and resources that will be. A budget of the resources necessary is prepared to determine the cost of executing the project. Additionally, a Human Resource plan is also developed to determine the skills that will be needed to accomplish the mission. Furthermore, a communication plan is outlined indicating how progress of work will be. Lastly, a risk management plan is created to provide measures that can be taken to shield activit y from interference (Turner, 2014). Mode Sante, a company, based in France launched an ambitious plan of constructing ultra modern leisure complexes. The company outsourced for contractor through a competitive bidding process who were supposed to build one of the facilities in Uxbridge. With a capital as a constraint, the new Active Being Complex had to be built according to the specifications provided with the minimum cost possible. A capital amount of  £300,000 had to be allocated prudently towards installation of a new IT infrastructure, security system, music and public address systems and other amenities that were to be in the new building. Interestingly, an old building that had been left