Project management ip 4 - Essay Example

Project management ip 4 Project management ip 4 Project management involves a lot of challenges, this is because there are some tasks which are unplanned for, and however, sometimes they just come up. The objective of this paper, therefore, is to discuss the steps that should be taken, assuming that a team was working on an opportunity assessment, and then the team is notified that senior executives will be present for the meeting much earlier than planned.Introduction Opportunity assessment involves analyzing various factors that can lead to success for a project.

For example, accessibility of the project site, availability of building materials, cost for the total project, and availability of the human resource (Hudson, 2010).ACCESBILITY OF THE PROJECT SITEEvery project should be easily accessible, this is because investors are very busy people. Therefore, they may not want to waste a lot of time. In connection to this, it is advisable that before a company decides they best place to locate a project, they have to make sure that it can easily be accessible (Van de Vaar, 2012).

The project management team should ensure that before that meeting the location for the project has been identified and it is easily accessible.AVAILABILITY BUILDING MATERIALS For any kind of project to begin, all the materials should be available and they cost known. This is because investors like knowing a rough estimate of the project. In connection to this, it is necessary that before the meeting all the estimated costs of the materials should have been known (Alonso, 2009).TOTAL COST FOR THE PROJECTSome projects needs a lot of money for them to be completed.

In regards to this, it is not easy estimating how much a project will cost. However, it is recommended that the project team should be able to put a rough estimate of the project. Since the meeting is coming earlier than planned, the project team members can look at some of the projects which are similar to the one they are intending to put up so as to have a rough estimate of the project (Brent, 2012). AVAILABILTY OF THE HUMAN RESOURCEOne of the factors that leads to successful completion of a project is human resource.

The project team should ensure that they have identified various personnel who will work on the project. This is because the senior executives would like to know whether the project will be finished on time or not (Alonso, 2009).Schedule changes In opportunity analysis, the total cost of the project is a very important factor to be given priority over the rest of the other factors. As a result, much of the resources should diverted towards knowing how much the project will cost. While, the resources allocated for identifying the location of the project can be minimized (Brent, 2012).

Project parameter as a result of the changes Allocating more resources towards estimating the cost of the project will affect many things. For example, the project location site will not be identified in time. It also means that the project may not pick on time (Hudson, 2010).References Alonso, Bernard (2009). Project Management. New York, NY: Harper Collins.Brent, Daniel (2012). Business Management. New York, NY: Harvard University. Hudson, Mary (2010). Essentials of project management. Amsterdam: Amsterdam University.

Van der veer, Samson (2012). Factors to be considered in Project Management. Chicago: N.p