SlideShare a Scribd company logo
1 of 19
1 ProjectManagementLeadershipandSkills:PlanningandControl
PROJECT MANAGEMENT, LEADERSHIP, AND SKILLS:
PLANNING AND CONTROL
Emre DİRLİK
AssessmentTitle: Assignment 1: Project Planning and Control
CRN: MSc Digital Business
Student ID: @00605598-Emre Dirlik
2 ProjectManagementLeadershipandSkills:PlanningandControl
EXECUTIVE SUMMARY
This project includes the reasons and consequences of the closure of Yang Sing Hotel, one of
the best and most famous hotels in the region, which opened in the Manchester region at
considerable costs. Also, targets and project details will be transferred by analyzing the
problems of the company that buys the hotel and using project management techniques to
alleviate these problems.
This report focuses on costly errors in the project, details of systematic problems during the
installation phase, timing problems and improvement of the project, and possible risks and
analysis in case the facility reopens.
Besides, the business status of the hotel to be opened under the new name aims to determine
the location risks opportunities of the hotel, its competitors, and similar related situations.
Factors and problems causing the Yang sing project to be closed will be identified, and these
problems will be resolved with project management techniques.
According to the information obtained, it is possible for the yang sing hotel to open up, to
change management and recalculation of Cost and expense accounts with personnel
requirements and similar business cases.
This project, to adapt to the usual economic crisis, will propose goals and plans in line with
the name of being active again, by protecting and increasing its value and profit in the regions
where it operates.
According to the information obtained, it is possible with the management change, recalculation
of cost and expense accounts, meeting the personnel requirements, and similar business
situations for the reopening of the Yang Sing hotel.
3 ProjectManagementLeadershipandSkills:PlanningandControl
CONTENTS
1 Title Page…………………………………………………………… …………………1
2 Executive Summary…………………………………………………..…………………2
3 Introduction……………………………………………………………………………...4
4 Project Objectives ………………………………………………………………………5
5 Performance Measurement – Management of Quality…………………………………5
6 Stakeholder analysis……………………………………………………………………6
7 Schedule Activities and Milestones……………………………………………………9
8 Project Milestone………………………………………………………………………10
9 Resources to be used, including Project budget…………………………………………10
9.1 Budget For The New Yang Sing Hotel Project ………… ……………………11
10 Constraints and Risk……………………………………………………………………12
11 Project Communication…………………………………………………………………14
12 SWOT Analysis…………………………………………………………………………15
13 Possible success…………………………………………………………………………16
14 Considerations Concerning Future Operations…………………………………………16
15 References…………………………………………………………………………...…17
4 ProjectManagementLeadershipandSkills:PlanningandControl
3 Introduction
The 48-bedroom Yang Sing Oriental Hotel, which adjoined the eight floor Yang Sing
Cantonese restaurant in the city and opened just eight months ago, closed its doors on Monday,
March 2. Co-owner and restaurateur Gerry Yeung said his "dream had been shattered by the
closure." He added in a statement on the hotel's website: "We tried to create the best hotel in
Manchester and we really feel that we have succeeded. Everyone who stayed here loved
it."Unfortunately, our timing could not have been worse, opening only to suffer a global
banking crisis, credit crunch, and the worst recession since the 1930s."Funding for the hotel
was provided by the Yeung's, private investors, and Natwest Commercial Banking.
Helga Drummond 'the economist guide to a decision In the Making book, water mentioned the
words; (Drummond, H.2012)
There were a lot of risks that caused the Yang sing hotel project to fail. During the management
planning process, she could not find the risks in the project and prevent the hotel from going
bad. They could not increase the credit fund they used to establish a hotel because they could
not fulfill their business performance.
An investment company wants to make a significant investment and open up the yang sing
hotel, manchester luxury boutique hotel. Therefore, an appropriate business plan and project
plan are needed to restart the hotel under a new name. In this project I have presented, it includes
a specific project plan for the restart of the hotel. Stakeholder analysis required for the project
to be planned and finished is included in this report. Also, to achieve the success of the project,
project management techniques include communication methods to be carried out in resource
management risk management project completion.
5 ProjectManagementLeadershipandSkills:PlanningandControl
4 Project Objectives
One of the main goals of the project is to re-activate the 'Yang Sing' hotel, which ended on
Monday, March 2, 2009, with its new name. Among other goals is to prepare a report on what
is right and what is wrong by developing a new project plan for yang sing hotel by identifying
the problems causing the Yang sing hotel to be closed. Also;
 Eliminate the problems in the previous project using project management techniques
 To perform the stakeholder analysis of the new project and complete the risk assessment
 To develop the new project with the milestones of the project
 Determining the communication plan to ensure the success of the project
 Analyze the company's future operations
5 Performance Measurement – Management of Quality
Each project has a particular performance measurement at the end of the project. The types of
performance measurements created in project management are different. This measurement
involves the end of a job and how it reacts to changes that occur. This project has specific
performance measurements.
1. It is compared with the level of performance before the start of the project and the level
after the end of the project. This situation determines the performance measurement of
the project.
2. Performance measurement can also be measured at the project costs included in the
project. The Cost of the Project consists of financial measurement and the Cost of
revenue after the project has ended. The project cost also includes the investment
financial return of the project to measure the performance of the project.
3. Performance measurement of the project includes the completion of the project within
the schedule and budget. In this way, the project stages help complete the project
performance by including the impact of the project on the return on investment.
4. In this project, the performance of the project depends on the financial impact that the
business has on the investment return on the milestones completed in a timely manner
and related stakeholder participation.
6 ProjectManagementLeadershipandSkills:PlanningandControl
The types of performance measurements created in project management are different.
The measurement of Project performance is quite different before people are more interested in
the impact the project has at a particular point in time, or over a defined timeframe (Noordzy,
and Whitfield, 2016, pp. 154-177)
6 Stakeholder analysis
Yang Sing Hotel is among the primary responsibilities of the project manager to manage the
needs and requirements of the project stakeholders. The newly opened hotel project has many
different organizations that can have a positive or negative impact and a business-related stake
or direct impact. These groups take an essential place if the project is successful or unsuccessful.
(Harrison, 2003, p. 139-152) In general, the new hotel project will include internal and external
stakeholders.
Stakeholders who should be in a standard hotel project can be classified as follows; Owners,
customers, expert groups, designers, project staff, government officials, various professional
organizations, community, politicians, media, and competitors. These stakeholders can
influence your project directly or indirectly. Unions and lobbies can support your project and
take part in the project. Suppliers, and if there is a negative situation in timing, it may delay
your project.
7 ProjectManagementLeadershipandSkills:PlanningandControl
Stakeholdername Contact Person Power Interest Project Task
Project manager
Owner of the
hotel
High High
The main task of the project
manager is to complete and
follow up on time in accordance
with the planned plan for the
project.
Financial
manager
Project manager Medium Medium
The finance manager deals with
the costs of the project. It also
controls the planned costs of the
project and tracks the planned
costs.
Quality analyst
Project team
leader
Medium High The quality analyst checks the
work in the project and analyzes
the quality of the project
Risk analyst
Project team
leader
Medium High
The risk analyst identifies all risks
within the project and deals with
the solutions of these risks and
also prepare risk assessments for
the project.
Suppliers
Construction
contractor
Low High
There are suppliers on each
subject within the project. These
suppliers provide the necessary
tools and raw materials for the
end of the project.
Network
Specialists
Quality analyst Low Low
Network Specialists install the
hotel's server and network system.
It is also responsible for
systematically establishing online
8 ProjectManagementLeadershipandSkills:PlanningandControl
reservation processes and other
necessary technological systems.
Electricity
Contractor
Project team
leader
Low Low
The electrical contractor is in
charge of repairing and replacing
the electrical parts of the hotel.
Plumbing
Engineer
Project team
leader
Low Medium
Plumbing engineer is in charge of
repair and maintenance of all
plumbing jobs in the hotel.
Subject Matter
Expert
Project manager
and financial
manager
High High
The subject matter expert of the
project is responsible for
documenting the ongoing project.
Project Team
leader
Project manager High High
The project leader manages the
entire team and monitors whether
the employees are working
systematically. He is responsible
for the success of the team.
System Analyst
Project team
leader
Low Medium
The project system analyst checks
the work and monitors the system.
He is also responsible for
analyzing the project.
9 ProjectManagementLeadershipandSkills:PlanningandControl
7 Schedule Activites and Milestones
10 ProjectManagementLeadershipandSkills:PlanningandControl
Stakeholder analysis is an organizational system that explains the level of interest, the results
of the power stakeholder map, and how they are managed. These analyzes, which consist of 4
layers, include those with lower power in Layer 1 but have high competence. 2. Stakeholders
in Tier 2 have low power but have a major impact on the project. Stakeholders in level 3 have
high power. Since the stakeholders in the 1st level have a high level of competence, it is
imperative to cooperate and become partners for the project. (Preble, 2005, p. 407-431)
8 Project Milestone
Task name Duration Start Finish
Documenting and create the Project 5 Days 31.07.2020 06.08.2020
Determining of risk and strategy 4 Days 19.08.2020 24.ß8.2020
Plan pricing and other services 6 Days 23.09.2020 30.09.2020
Project closing 0 Days 30.09.2020 30.09.2020
9 Resources to be used including Project budget
Resource management includes everything around the people involved in the project, recruiting
people for Yan Sing hotel will be important for this project due to short-term contracts for many
roles and developing and rewarding them. (Johnson vd., 2008)
11 ProjectManagementLeadershipandSkills:PlanningandControl
9.1 Budget For The New Yang Sing Hotel Project
Total
Reopening the Yang Sing Hotel $312,489.00
Project Planning $84,430.00
Prepare a building repair report $30,100.00
Create the working system $15,080.00
Plan the duration of the project $22,250.00
Document the Project $17,0000.00
Project Development $83,330.00
Assign the resources $17,200.00
Create financial resources $30,450.00
Determining the risk and strategy $25,680.00
Update the Project duration $10,000.00
Project implementation $90,959.00
Water electrical system construction $40,329.00
Roof, Wall and wooden beam repair $30,330.00
Removal of dry and wet rot $20,300.00
Project execution $53,770.00
12 ProjectManagementLeadershipandSkills:PlanningandControl
Update activities $15,900.00
Plan pricing and other services $10,370.00
Advertising media promotion $27,500.00
10 Constraints and Risk
There is an unexpected potential constraint and risk other than time, scope, costs, and traditional
project constraints. (Van Wnygaard, 2011, p.3-7) Resources significantly affect the costs of the
project. Excess capital does not mean that the project will be successful. Even if there is enough
capital, other factors may cause your project to fail. It is necessary to use the right software to
optimize resources. This software will contribute to the correct control and management of
resources. Quality constraints help to compare expectations and how close the results are.
Performance Risk;
 The team in the project should work systematically.
 The project should always be kept under control.
 A goal must be specified to the members.
 Motivating work should be done to the project team.
Environmental Risk
 In order to reduce environmental risk, the project manager should always be able to
answer questions.
 Insurance measures should be taken for possible negative situations. The government
must be informed
Human Resource Risk
 The hiring process should be appropriate to the project
 Employees must be provided with opportunities to improve themselves.
 Motivating efforts should be made for the employees to achieve efficient results in the
project.
13 ProjectManagementLeadershipandSkills:PlanningandControl
 In order for the employees to be successful in the project, a reward system should be
applied.
 Departments should be separated according to the project.
Technical Risk
• Hardware, software, and other technical supports should be provided in accordance with
the project.
• The system required for security measures should be installed in advance.
• Technical risks should be identified before the project begins.
• The measurement effect of all risks associated with technical risks should be included
in the system.
Cost and scheduling risks
• Costs should be kept under control during the project process, and project costs should
not be exceeded.
• Loan funds should be planned for future cost issues.
• A B-plan related to costs should be added to the project.
Risks and solutions for the Yang Sing Hotel project:
 Money overrun = Cost and financial plan
 Market prices = Market research and analysis
 Time constraint = Agile Project management approach
 Architectural issues = Proper design and approval
 Material inflow for transformation and construction = budget within limit
 Stakeholder conflict over proposed change = Stakeholder analysis and rules
 Stakeholder turnover = Stakeholder analysis
 Government Policy = Compliance with the laws of the state
14 ProjectManagementLeadershipandSkills:PlanningandControl
11 Project Communication
Communication is one of the essential factors to be able to see the hotel's opening and attract
customers to the hotel. The best way to communicate is to reach potential customers and use
integrated message channels wherever they are available to the existing customer. Universal
marketing requires that the advertising brand and sales message be distributed through various
distribution channels. (Ramsing, 2009, p.345-349) The communication plan does not only
involve the transmission of messages or just asking questions (Todorovic et al. 2015.)
Communication management plan maylor (2010). It consists of communication planning
defined by information distribution performance reporting and stakeholder management.
Communication planning of the stakeholders in the project;
• Project manager = Telephonic communication, meeting
 Risk analyst =Meeting, Email communication
 Financial manager = Meeting, Email communication
 Quality analyst = Telephonic communication, Email
 Suppliers = Telephonic communication, Email
 IT Specialists = Telephonic and face to face meeting
 Project team Leader = Telephonic and face to face meeting, Email
 Engineers = Telephonic and face to face meeting
 Workpeople = Telephonic and face to face meeting, Email
15 ProjectManagementLeadershipandSkills:PlanningandControl
12 SWOT Analysis
Strengths
• The perfect location of the hotel
(Manchester)
• Private accommodation by a person
• Five-star luxury rooms
• Five-star guest services
• Personalized packages and
accommodation
• Competitive prices
• Positive feedback from the previous
project
Weaknesses
• Continuously increasing competition in the
market
• High costs spent to bring the project to the
desired level
• Concerns after the hotel close in the past
• The new architecture is far from the
traditional structure
Opportunities
• Work to attract high-quality
customers
• Local and international partnerships
• Online connections by making
technological investments
• Trained specialist staff
• Partnerships with five-star quality
local food and beverage producers
Threats
• Low prices of other competitive hotels
• Future rival developments
16 ProjectManagementLeadershipandSkills:PlanningandControl
13 Possible Success
Success factors must be analyzed and applied in order to complete the project successfully. The
most critical success factor of the Yang Sing Hotel project is to benefit from the previous failure.
Successful and unsuccessful situations in the past should be separated according to various
factors. Success factors can be grouped under four different titles. These are financing, Budget,
location of the hotel, and strategic factors. In addition, staff, marketing financial position,
location are among the success factors. There must be a clear mission and goal to complete the
project. The critical stakeholder of the project must be defined in the project. (Heldman 2018)
The project must be completed according to the scheduled time. Project staff must be trained
according to the risk and other issues in the project. Within the project, If there is a negative
situation in the strategies, a b-plan should be included in the project beforehand.
14 Considerations Concerning Future Operations
The future operations after the launch of the hotel should focus on higher customer satisfaction,
the sustainability of quality, and continuous growth in order to exceed the expectations of
stakeholders. Since the economic collapse in the past is over, the location and concept of the
hotel should continue in the heart in the manchester without changing too many Risks in the
project should be identified, and worst-case scenarios should be added, and the action should
be taken accordingly. Employees and customer feedback should be taken into consideration,
and solution-oriented action should be taken. The communication within the project should be
maximized and applied in the best way. Time and cost ratio should be reviewed periodically,
and the necessary plans should be made.
17 ProjectManagementLeadershipandSkills:PlanningandControl
15 References
1. https://www.thecaterer.com/news/hotel/manchesters-yang-sing-oriental-hotel-
forced-into-liquidation
2. Drummond H. (2012). Guide to Decision Making: Getting it more right than
wrong.
Manchester Evening News. (2009)
https://www.manchestereveningnews.co.uk/news/greater-manchester-news/yang-sing-
hotel-closes-912079
3. Tace Blog Page. (2008)
http://www.tace.co.uk/portfolio/the-yang-sing-manchester/
4. Noordzy, G. and Whitfield, R., 2016. Project management of new hotel openings.
In Project Management: Concepts, Methodologies, Tools, and Applications (pp.
154-177). IGI Global.
5. Harrison, J.S., 2003. Strategic analysis for the hospitality industry. Cornell Hotel
and Restaurant Administration Quarterly, 44(2), pp.139-152.
6. Preble, J.F., 2005. Toward a comprehensive model of stakeholder
management. Business and society review, 110(4), pp.407-431.
7. Johnson, G., Scholes, K. & Whittington, R., 2008. Explore corporate Strategy. 8 ed.
Essex: Prentice Hall.
8. Van Wyngaard, C.J., 2011. Effective management of the triple constraint in project
management through polarity management techniques-a refreshed perspective. M.
Eng. Dissertation, Eng. Mgmt. Program, Univ. Of Johannesburg, South Africa.
9. Ramsing, L., 2009. Project communication in a strategic internal
perspective. Corporate Communications: An International Journal, 14(3), pp.345-
357.
18 ProjectManagementLeadershipandSkills:PlanningandControl
10. Todorović, M.L., Petrović, D.Č., Mihić, M.M., Obradović, V.L. and Bushuyev,
S.D., 2015. Project success analysis framework: A knowledge-based approach in
project management. International Journal of Project Management, 33(4), pp.772-
783
19 ProjectManagementLeadershipandSkills:PlanningandControl
11. Maylor, H., Vidgen, R. & Carver, S., 2008. Managerial Complexity in Project-
Based Operations. Project Management Journal, Volume 39, pp. S15-S26.
12. Heldman, K., 2018. Project management jumpstart. John Wiley & Sons.

More Related Content

What's hot

Implementing PMO
Implementing PMOImplementing PMO
Implementing PMOTURKI , PMP
 
Project Management Case Studies by Terry Hall
Project Management Case Studies by Terry HallProject Management Case Studies by Terry Hall
Project Management Case Studies by Terry HallTerry Hall, PMP
 
Projet outils basiques version 2014
Projet outils basiques version 2014Projet outils basiques version 2014
Projet outils basiques version 2014Rémi Bachelet
 
Pm assignment-2-report
Pm assignment-2-reportPm assignment-2-report
Pm assignment-2-reportChong Yu Xuan
 
L'invention du management
L'invention du managementL'invention du management
L'invention du managementNegro Franck
 
Project Management Leadership, And Skills : Planning And Control | Assignment...
Project Management Leadership, And Skills : Planning And Control | Assignment...Project Management Leadership, And Skills : Planning And Control | Assignment...
Project Management Leadership, And Skills : Planning And Control | Assignment...Emre Dirlik
 
Project report on construction of house/hotel/hostel
Project report on construction of house/hotel/hostelProject report on construction of house/hotel/hostel
Project report on construction of house/hotel/hostelmuhammed iqbal
 
Project management assignment 1
Project management assignment 1 Project management assignment 1
Project management assignment 1 Weng Chuan
 
Project management in construction
Project management in constructionProject management in construction
Project management in constructionNAVNEET KUMAR JHA
 
Pmbok 4th edition chapter 4 - Project Integration Management
Pmbok 4th edition   chapter 4 - Project Integration Management Pmbok 4th edition   chapter 4 - Project Integration Management
Pmbok 4th edition chapter 4 - Project Integration Management Ahmad Maharma, PMP,RMP
 
Project management in construction
Project management in constructionProject management in construction
Project management in constructionNAVNEET KUMAR JHA
 
Uma - sign off document.pptx (2).pdf
Uma - sign off document.pptx (2).pdfUma - sign off document.pptx (2).pdf
Uma - sign off document.pptx (2).pdfpraful76
 
Organizational Culture and Structures
Organizational Culture and StructuresOrganizational Culture and Structures
Organizational Culture and StructuresNovoraj Roy
 
Facility management
Facility managementFacility management
Facility managementRupesh Singh
 
Project management
Project managementProject management
Project managementBenjamin Tan
 
Construction Project management
Construction Project management Construction Project management
Construction Project management Anupama holla
 

What's hot (20)

Chunnel Project
Chunnel ProjectChunnel Project
Chunnel Project
 
Implementing PMO
Implementing PMOImplementing PMO
Implementing PMO
 
Project Management Case Studies by Terry Hall
Project Management Case Studies by Terry HallProject Management Case Studies by Terry Hall
Project Management Case Studies by Terry Hall
 
Projet outils basiques version 2014
Projet outils basiques version 2014Projet outils basiques version 2014
Projet outils basiques version 2014
 
Pm assignment-2-report
Pm assignment-2-reportPm assignment-2-report
Pm assignment-2-report
 
L'invention du management
L'invention du managementL'invention du management
L'invention du management
 
Project Management Leadership, And Skills : Planning And Control | Assignment...
Project Management Leadership, And Skills : Planning And Control | Assignment...Project Management Leadership, And Skills : Planning And Control | Assignment...
Project Management Leadership, And Skills : Planning And Control | Assignment...
 
Project report on construction of house/hotel/hostel
Project report on construction of house/hotel/hostelProject report on construction of house/hotel/hostel
Project report on construction of house/hotel/hostel
 
PMP : Formation PMP
PMP : Formation PMPPMP : Formation PMP
PMP : Formation PMP
 
Project management assignment 1
Project management assignment 1 Project management assignment 1
Project management assignment 1
 
Project management in construction
Project management in constructionProject management in construction
Project management in construction
 
Pmbok 4th edition chapter 4 - Project Integration Management
Pmbok 4th edition   chapter 4 - Project Integration Management Pmbok 4th edition   chapter 4 - Project Integration Management
Pmbok 4th edition chapter 4 - Project Integration Management
 
Project management in construction
Project management in constructionProject management in construction
Project management in construction
 
Uma - sign off document.pptx (2).pdf
Uma - sign off document.pptx (2).pdfUma - sign off document.pptx (2).pdf
Uma - sign off document.pptx (2).pdf
 
Organizational Culture and Structures
Organizational Culture and StructuresOrganizational Culture and Structures
Organizational Culture and Structures
 
Facility management
Facility managementFacility management
Facility management
 
Project management
Project managementProject management
Project management
 
Chunnel ppt
Chunnel pptChunnel ppt
Chunnel ppt
 
Preparing for pmi ba exam
Preparing for pmi ba examPreparing for pmi ba exam
Preparing for pmi ba exam
 
Construction Project management
Construction Project management Construction Project management
Construction Project management
 

Similar to PROJECT MANAGEMENT, LEADERSHIP, AND SKILLS: PLANNING AND CONTROL | Yang Sing Hotel

1. Project Risk Management (25 Points)You have been tasked to.docx
1.  Project Risk Management (25 Points)You have been tasked to.docx1.  Project Risk Management (25 Points)You have been tasked to.docx
1. Project Risk Management (25 Points)You have been tasked to.docxdorishigh
 
Project management assignment help
Project management assignment helpProject management assignment help
Project management assignment helpassignmenthelpp
 
Unit2 Project phases.pptx
Unit2 Project phases.pptxUnit2 Project phases.pptx
Unit2 Project phases.pptxAtulBhagwat6
 
Project Management Methodology Guidelines
Project Management Methodology GuidelinesProject Management Methodology Guidelines
Project Management Methodology GuidelinesSyed Umair Javed
 
Project Management Methodology Guidelines
Project Management Methodology GuidelinesProject Management Methodology Guidelines
Project Management Methodology Guidelinesboetabrad
 
Basics in Project Management
Basics in Project ManagementBasics in Project Management
Basics in Project Managementchaitanyakrsk
 
Project Manager Primer
Project Manager PrimerProject Manager Primer
Project Manager PrimerTom Cremins
 
System Analysis & Design (CHAPTER TWO) (1).ppt
System Analysis & Design (CHAPTER TWO) (1).pptSystem Analysis & Design (CHAPTER TWO) (1).ppt
System Analysis & Design (CHAPTER TWO) (1).pptAynetuTerefe2
 
Introduction to Project Management
Introduction to Project ManagementIntroduction to Project Management
Introduction to Project ManagementKris Kimmerle
 
Business Analyst vs. Project Manager - Eliminating the Confusion!
Business Analyst vs. Project Manager - Eliminating the Confusion!Business Analyst vs. Project Manager - Eliminating the Confusion!
Business Analyst vs. Project Manager - Eliminating the Confusion!Corporate Education Group (CEG)
 
Project management
Project managementProject management
Project managementArnab Ghosh
 
485741135-Assignment-on-Project-Management-docx.pdf
485741135-Assignment-on-Project-Management-docx.pdf485741135-Assignment-on-Project-Management-docx.pdf
485741135-Assignment-on-Project-Management-docx.pdfZishan42
 
Project management for technologies MGT410
Project management for technologies   MGT410Project management for technologies   MGT410
Project management for technologies MGT410Saqib Imran
 
Project Manager Job Description.pdf
Project Manager Job Description.pdfProject Manager Job Description.pdf
Project Manager Job Description.pdfDivya Malik
 

Similar to PROJECT MANAGEMENT, LEADERSHIP, AND SKILLS: PLANNING AND CONTROL | Yang Sing Hotel (20)

1. Project Risk Management (25 Points)You have been tasked to.docx
1.  Project Risk Management (25 Points)You have been tasked to.docx1.  Project Risk Management (25 Points)You have been tasked to.docx
1. Project Risk Management (25 Points)You have been tasked to.docx
 
Project management assignment help
Project management assignment helpProject management assignment help
Project management assignment help
 
Unit2 Project phases.pptx
Unit2 Project phases.pptxUnit2 Project phases.pptx
Unit2 Project phases.pptx
 
Project Management Methodology Guidelines
Project Management Methodology GuidelinesProject Management Methodology Guidelines
Project Management Methodology Guidelines
 
Project Management Methodology Guidelines
Project Management Methodology GuidelinesProject Management Methodology Guidelines
Project Management Methodology Guidelines
 
INTRO.pptx
INTRO.pptxINTRO.pptx
INTRO.pptx
 
Project/ Business life cycle methodology
Project/ Business life cycle methodologyProject/ Business life cycle methodology
Project/ Business life cycle methodology
 
Basics in Project Management
Basics in Project ManagementBasics in Project Management
Basics in Project Management
 
Project Manager Primer
Project Manager PrimerProject Manager Primer
Project Manager Primer
 
System Analysis & Design (CHAPTER TWO) (1).ppt
System Analysis & Design (CHAPTER TWO) (1).pptSystem Analysis & Design (CHAPTER TWO) (1).ppt
System Analysis & Design (CHAPTER TWO) (1).ppt
 
Introduction to Project Management
Introduction to Project ManagementIntroduction to Project Management
Introduction to Project Management
 
Business Analyst vs. Project Manager - Eliminating the Confusion!
Business Analyst vs. Project Manager - Eliminating the Confusion!Business Analyst vs. Project Manager - Eliminating the Confusion!
Business Analyst vs. Project Manager - Eliminating the Confusion!
 
Project management – standard for today´s modern company
Project management – standard for today´s modern companyProject management – standard for today´s modern company
Project management – standard for today´s modern company
 
Project management assignment help
Project management assignment helpProject management assignment help
Project management assignment help
 
Project management revised
Project management revisedProject management revised
Project management revised
 
Project management
Project managementProject management
Project management
 
485741135-Assignment-on-Project-Management-docx.pdf
485741135-Assignment-on-Project-Management-docx.pdf485741135-Assignment-on-Project-Management-docx.pdf
485741135-Assignment-on-Project-Management-docx.pdf
 
Project management for technologies MGT410
Project management for technologies   MGT410Project management for technologies   MGT410
Project management for technologies MGT410
 
Prince2017 part 2
Prince2017   part 2Prince2017   part 2
Prince2017 part 2
 
Project Manager Job Description.pdf
Project Manager Job Description.pdfProject Manager Job Description.pdf
Project Manager Job Description.pdf
 

More from Emre Dirlik

La Puerta IT & Digital Development Business Plan
La Puerta IT & Digital Development Business Plan La Puerta IT & Digital Development Business Plan
La Puerta IT & Digital Development Business Plan Emre Dirlik
 
Digital transformation in the Tourism Sector - University Of Salford Manchester
Digital transformation in the Tourism Sector - University Of Salford ManchesterDigital transformation in the Tourism Sector - University Of Salford Manchester
Digital transformation in the Tourism Sector - University Of Salford ManchesterEmre Dirlik
 
MSc Digital Business : Digital Portfolio | dijitalbusiness.emredirlik.de ( Wi...
MSc Digital Business : Digital Portfolio | dijitalbusiness.emredirlik.de ( Wi...MSc Digital Business : Digital Portfolio | dijitalbusiness.emredirlik.de ( Wi...
MSc Digital Business : Digital Portfolio | dijitalbusiness.emredirlik.de ( Wi...Emre Dirlik
 
Assignment 2 : People in Projects
Assignment 2 : People in Projects Assignment 2 : People in Projects
Assignment 2 : People in Projects Emre Dirlik
 
KOSGEB - Gramafon Müzik Yapım
KOSGEB - Gramafon Müzik YapımKOSGEB - Gramafon Müzik Yapım
KOSGEB - Gramafon Müzik YapımEmre Dirlik
 
KOSGEB - Gramafon Müzik Yapım
KOSGEB - Gramafon Müzik YapımKOSGEB - Gramafon Müzik Yapım
KOSGEB - Gramafon Müzik YapımEmre Dirlik
 
Oslo kılavuzu tr
Oslo kılavuzu trOslo kılavuzu tr
Oslo kılavuzu trEmre Dirlik
 
Pegasus Marka Değeri Ve İmajı
Pegasus Marka Değeri Ve İmajıPegasus Marka Değeri Ve İmajı
Pegasus Marka Değeri Ve İmajıEmre Dirlik
 
Leadership Theories Definition
Leadership Theories DefinitionLeadership Theories Definition
Leadership Theories DefinitionEmre Dirlik
 
İnsan Kaynakları Yönetimi - Seçme Ve Yerleştirme
İnsan Kaynakları Yönetimi - Seçme Ve Yerleştirmeİnsan Kaynakları Yönetimi - Seçme Ve Yerleştirme
İnsan Kaynakları Yönetimi - Seçme Ve YerleştirmeEmre Dirlik
 
İzmir İli Sahilleri Ve Plajları
İzmir İli Sahilleri Ve Plajlarıİzmir İli Sahilleri Ve Plajları
İzmir İli Sahilleri Ve PlajlarıEmre Dirlik
 
Boeing Stratejik Planlama Araştırma Raporu
Boeing Stratejik Planlama Araştırma RaporuBoeing Stratejik Planlama Araştırma Raporu
Boeing Stratejik Planlama Araştırma RaporuEmre Dirlik
 
E-İşletmelerde Yasal Ve Düzenleyici Konular
E-İşletmelerde Yasal Ve Düzenleyici Konular E-İşletmelerde Yasal Ve Düzenleyici Konular
E-İşletmelerde Yasal Ve Düzenleyici Konular Emre Dirlik
 
Avrupa Birliği Hibe Programı Kapsamında Sivil Toplum Kuruluşlarına Sağlanan D...
Avrupa Birliği Hibe Programı Kapsamında Sivil Toplum Kuruluşlarına Sağlanan D...Avrupa Birliği Hibe Programı Kapsamında Sivil Toplum Kuruluşlarına Sağlanan D...
Avrupa Birliği Hibe Programı Kapsamında Sivil Toplum Kuruluşlarına Sağlanan D...Emre Dirlik
 
Boeing Stratejik Planlama
Boeing Stratejik PlanlamaBoeing Stratejik Planlama
Boeing Stratejik PlanlamaEmre Dirlik
 

More from Emre Dirlik (17)

La Puerta IT & Digital Development Business Plan
La Puerta IT & Digital Development Business Plan La Puerta IT & Digital Development Business Plan
La Puerta IT & Digital Development Business Plan
 
Digital transformation in the Tourism Sector - University Of Salford Manchester
Digital transformation in the Tourism Sector - University Of Salford ManchesterDigital transformation in the Tourism Sector - University Of Salford Manchester
Digital transformation in the Tourism Sector - University Of Salford Manchester
 
MSc Digital Business : Digital Portfolio | dijitalbusiness.emredirlik.de ( Wi...
MSc Digital Business : Digital Portfolio | dijitalbusiness.emredirlik.de ( Wi...MSc Digital Business : Digital Portfolio | dijitalbusiness.emredirlik.de ( Wi...
MSc Digital Business : Digital Portfolio | dijitalbusiness.emredirlik.de ( Wi...
 
Assignment 2 : People in Projects
Assignment 2 : People in Projects Assignment 2 : People in Projects
Assignment 2 : People in Projects
 
KOSGEB - Gramafon Müzik Yapım
KOSGEB - Gramafon Müzik YapımKOSGEB - Gramafon Müzik Yapım
KOSGEB - Gramafon Müzik Yapım
 
KOSGEB - Gramafon Müzik Yapım
KOSGEB - Gramafon Müzik YapımKOSGEB - Gramafon Müzik Yapım
KOSGEB - Gramafon Müzik Yapım
 
Oslo kılavuzu tr
Oslo kılavuzu trOslo kılavuzu tr
Oslo kılavuzu tr
 
Pegasus Marka Değeri Ve İmajı
Pegasus Marka Değeri Ve İmajıPegasus Marka Değeri Ve İmajı
Pegasus Marka Değeri Ve İmajı
 
Trendyol.Com
Trendyol.ComTrendyol.Com
Trendyol.Com
 
Leadership Theories Definition
Leadership Theories DefinitionLeadership Theories Definition
Leadership Theories Definition
 
İnsan Kaynakları Yönetimi - Seçme Ve Yerleştirme
İnsan Kaynakları Yönetimi - Seçme Ve Yerleştirmeİnsan Kaynakları Yönetimi - Seçme Ve Yerleştirme
İnsan Kaynakları Yönetimi - Seçme Ve Yerleştirme
 
Marka sadakati
Marka sadakatiMarka sadakati
Marka sadakati
 
İzmir İli Sahilleri Ve Plajları
İzmir İli Sahilleri Ve Plajlarıİzmir İli Sahilleri Ve Plajları
İzmir İli Sahilleri Ve Plajları
 
Boeing Stratejik Planlama Araştırma Raporu
Boeing Stratejik Planlama Araştırma RaporuBoeing Stratejik Planlama Araştırma Raporu
Boeing Stratejik Planlama Araştırma Raporu
 
E-İşletmelerde Yasal Ve Düzenleyici Konular
E-İşletmelerde Yasal Ve Düzenleyici Konular E-İşletmelerde Yasal Ve Düzenleyici Konular
E-İşletmelerde Yasal Ve Düzenleyici Konular
 
Avrupa Birliği Hibe Programı Kapsamında Sivil Toplum Kuruluşlarına Sağlanan D...
Avrupa Birliği Hibe Programı Kapsamında Sivil Toplum Kuruluşlarına Sağlanan D...Avrupa Birliği Hibe Programı Kapsamında Sivil Toplum Kuruluşlarına Sağlanan D...
Avrupa Birliği Hibe Programı Kapsamında Sivil Toplum Kuruluşlarına Sağlanan D...
 
Boeing Stratejik Planlama
Boeing Stratejik PlanlamaBoeing Stratejik Planlama
Boeing Stratejik Planlama
 

Recently uploaded

Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Celine George
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactPECB
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docxPoojaSen20
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...RKavithamani
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 
Student login on Anyboli platform.helpin
Student login on Anyboli platform.helpinStudent login on Anyboli platform.helpin
Student login on Anyboli platform.helpinRaunakKeshri1
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionSafetyChain Software
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991RKavithamani
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdfSoniaTolstoy
 

Recently uploaded (20)

Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docx
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 
Student login on Anyboli platform.helpin
Student login on Anyboli platform.helpinStudent login on Anyboli platform.helpin
Student login on Anyboli platform.helpin
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory Inspection
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 

PROJECT MANAGEMENT, LEADERSHIP, AND SKILLS: PLANNING AND CONTROL | Yang Sing Hotel

  • 1. 1 ProjectManagementLeadershipandSkills:PlanningandControl PROJECT MANAGEMENT, LEADERSHIP, AND SKILLS: PLANNING AND CONTROL Emre DİRLİK AssessmentTitle: Assignment 1: Project Planning and Control CRN: MSc Digital Business Student ID: @00605598-Emre Dirlik
  • 2. 2 ProjectManagementLeadershipandSkills:PlanningandControl EXECUTIVE SUMMARY This project includes the reasons and consequences of the closure of Yang Sing Hotel, one of the best and most famous hotels in the region, which opened in the Manchester region at considerable costs. Also, targets and project details will be transferred by analyzing the problems of the company that buys the hotel and using project management techniques to alleviate these problems. This report focuses on costly errors in the project, details of systematic problems during the installation phase, timing problems and improvement of the project, and possible risks and analysis in case the facility reopens. Besides, the business status of the hotel to be opened under the new name aims to determine the location risks opportunities of the hotel, its competitors, and similar related situations. Factors and problems causing the Yang sing project to be closed will be identified, and these problems will be resolved with project management techniques. According to the information obtained, it is possible for the yang sing hotel to open up, to change management and recalculation of Cost and expense accounts with personnel requirements and similar business cases. This project, to adapt to the usual economic crisis, will propose goals and plans in line with the name of being active again, by protecting and increasing its value and profit in the regions where it operates. According to the information obtained, it is possible with the management change, recalculation of cost and expense accounts, meeting the personnel requirements, and similar business situations for the reopening of the Yang Sing hotel.
  • 3. 3 ProjectManagementLeadershipandSkills:PlanningandControl CONTENTS 1 Title Page…………………………………………………………… …………………1 2 Executive Summary…………………………………………………..…………………2 3 Introduction……………………………………………………………………………...4 4 Project Objectives ………………………………………………………………………5 5 Performance Measurement – Management of Quality…………………………………5 6 Stakeholder analysis……………………………………………………………………6 7 Schedule Activities and Milestones……………………………………………………9 8 Project Milestone………………………………………………………………………10 9 Resources to be used, including Project budget…………………………………………10 9.1 Budget For The New Yang Sing Hotel Project ………… ……………………11 10 Constraints and Risk……………………………………………………………………12 11 Project Communication…………………………………………………………………14 12 SWOT Analysis…………………………………………………………………………15 13 Possible success…………………………………………………………………………16 14 Considerations Concerning Future Operations…………………………………………16 15 References…………………………………………………………………………...…17
  • 4. 4 ProjectManagementLeadershipandSkills:PlanningandControl 3 Introduction The 48-bedroom Yang Sing Oriental Hotel, which adjoined the eight floor Yang Sing Cantonese restaurant in the city and opened just eight months ago, closed its doors on Monday, March 2. Co-owner and restaurateur Gerry Yeung said his "dream had been shattered by the closure." He added in a statement on the hotel's website: "We tried to create the best hotel in Manchester and we really feel that we have succeeded. Everyone who stayed here loved it."Unfortunately, our timing could not have been worse, opening only to suffer a global banking crisis, credit crunch, and the worst recession since the 1930s."Funding for the hotel was provided by the Yeung's, private investors, and Natwest Commercial Banking. Helga Drummond 'the economist guide to a decision In the Making book, water mentioned the words; (Drummond, H.2012) There were a lot of risks that caused the Yang sing hotel project to fail. During the management planning process, she could not find the risks in the project and prevent the hotel from going bad. They could not increase the credit fund they used to establish a hotel because they could not fulfill their business performance. An investment company wants to make a significant investment and open up the yang sing hotel, manchester luxury boutique hotel. Therefore, an appropriate business plan and project plan are needed to restart the hotel under a new name. In this project I have presented, it includes a specific project plan for the restart of the hotel. Stakeholder analysis required for the project to be planned and finished is included in this report. Also, to achieve the success of the project, project management techniques include communication methods to be carried out in resource management risk management project completion.
  • 5. 5 ProjectManagementLeadershipandSkills:PlanningandControl 4 Project Objectives One of the main goals of the project is to re-activate the 'Yang Sing' hotel, which ended on Monday, March 2, 2009, with its new name. Among other goals is to prepare a report on what is right and what is wrong by developing a new project plan for yang sing hotel by identifying the problems causing the Yang sing hotel to be closed. Also;  Eliminate the problems in the previous project using project management techniques  To perform the stakeholder analysis of the new project and complete the risk assessment  To develop the new project with the milestones of the project  Determining the communication plan to ensure the success of the project  Analyze the company's future operations 5 Performance Measurement – Management of Quality Each project has a particular performance measurement at the end of the project. The types of performance measurements created in project management are different. This measurement involves the end of a job and how it reacts to changes that occur. This project has specific performance measurements. 1. It is compared with the level of performance before the start of the project and the level after the end of the project. This situation determines the performance measurement of the project. 2. Performance measurement can also be measured at the project costs included in the project. The Cost of the Project consists of financial measurement and the Cost of revenue after the project has ended. The project cost also includes the investment financial return of the project to measure the performance of the project. 3. Performance measurement of the project includes the completion of the project within the schedule and budget. In this way, the project stages help complete the project performance by including the impact of the project on the return on investment. 4. In this project, the performance of the project depends on the financial impact that the business has on the investment return on the milestones completed in a timely manner and related stakeholder participation.
  • 6. 6 ProjectManagementLeadershipandSkills:PlanningandControl The types of performance measurements created in project management are different. The measurement of Project performance is quite different before people are more interested in the impact the project has at a particular point in time, or over a defined timeframe (Noordzy, and Whitfield, 2016, pp. 154-177) 6 Stakeholder analysis Yang Sing Hotel is among the primary responsibilities of the project manager to manage the needs and requirements of the project stakeholders. The newly opened hotel project has many different organizations that can have a positive or negative impact and a business-related stake or direct impact. These groups take an essential place if the project is successful or unsuccessful. (Harrison, 2003, p. 139-152) In general, the new hotel project will include internal and external stakeholders. Stakeholders who should be in a standard hotel project can be classified as follows; Owners, customers, expert groups, designers, project staff, government officials, various professional organizations, community, politicians, media, and competitors. These stakeholders can influence your project directly or indirectly. Unions and lobbies can support your project and take part in the project. Suppliers, and if there is a negative situation in timing, it may delay your project.
  • 7. 7 ProjectManagementLeadershipandSkills:PlanningandControl Stakeholdername Contact Person Power Interest Project Task Project manager Owner of the hotel High High The main task of the project manager is to complete and follow up on time in accordance with the planned plan for the project. Financial manager Project manager Medium Medium The finance manager deals with the costs of the project. It also controls the planned costs of the project and tracks the planned costs. Quality analyst Project team leader Medium High The quality analyst checks the work in the project and analyzes the quality of the project Risk analyst Project team leader Medium High The risk analyst identifies all risks within the project and deals with the solutions of these risks and also prepare risk assessments for the project. Suppliers Construction contractor Low High There are suppliers on each subject within the project. These suppliers provide the necessary tools and raw materials for the end of the project. Network Specialists Quality analyst Low Low Network Specialists install the hotel's server and network system. It is also responsible for systematically establishing online
  • 8. 8 ProjectManagementLeadershipandSkills:PlanningandControl reservation processes and other necessary technological systems. Electricity Contractor Project team leader Low Low The electrical contractor is in charge of repairing and replacing the electrical parts of the hotel. Plumbing Engineer Project team leader Low Medium Plumbing engineer is in charge of repair and maintenance of all plumbing jobs in the hotel. Subject Matter Expert Project manager and financial manager High High The subject matter expert of the project is responsible for documenting the ongoing project. Project Team leader Project manager High High The project leader manages the entire team and monitors whether the employees are working systematically. He is responsible for the success of the team. System Analyst Project team leader Low Medium The project system analyst checks the work and monitors the system. He is also responsible for analyzing the project.
  • 10. 10 ProjectManagementLeadershipandSkills:PlanningandControl Stakeholder analysis is an organizational system that explains the level of interest, the results of the power stakeholder map, and how they are managed. These analyzes, which consist of 4 layers, include those with lower power in Layer 1 but have high competence. 2. Stakeholders in Tier 2 have low power but have a major impact on the project. Stakeholders in level 3 have high power. Since the stakeholders in the 1st level have a high level of competence, it is imperative to cooperate and become partners for the project. (Preble, 2005, p. 407-431) 8 Project Milestone Task name Duration Start Finish Documenting and create the Project 5 Days 31.07.2020 06.08.2020 Determining of risk and strategy 4 Days 19.08.2020 24.ß8.2020 Plan pricing and other services 6 Days 23.09.2020 30.09.2020 Project closing 0 Days 30.09.2020 30.09.2020 9 Resources to be used including Project budget Resource management includes everything around the people involved in the project, recruiting people for Yan Sing hotel will be important for this project due to short-term contracts for many roles and developing and rewarding them. (Johnson vd., 2008)
  • 11. 11 ProjectManagementLeadershipandSkills:PlanningandControl 9.1 Budget For The New Yang Sing Hotel Project Total Reopening the Yang Sing Hotel $312,489.00 Project Planning $84,430.00 Prepare a building repair report $30,100.00 Create the working system $15,080.00 Plan the duration of the project $22,250.00 Document the Project $17,0000.00 Project Development $83,330.00 Assign the resources $17,200.00 Create financial resources $30,450.00 Determining the risk and strategy $25,680.00 Update the Project duration $10,000.00 Project implementation $90,959.00 Water electrical system construction $40,329.00 Roof, Wall and wooden beam repair $30,330.00 Removal of dry and wet rot $20,300.00 Project execution $53,770.00
  • 12. 12 ProjectManagementLeadershipandSkills:PlanningandControl Update activities $15,900.00 Plan pricing and other services $10,370.00 Advertising media promotion $27,500.00 10 Constraints and Risk There is an unexpected potential constraint and risk other than time, scope, costs, and traditional project constraints. (Van Wnygaard, 2011, p.3-7) Resources significantly affect the costs of the project. Excess capital does not mean that the project will be successful. Even if there is enough capital, other factors may cause your project to fail. It is necessary to use the right software to optimize resources. This software will contribute to the correct control and management of resources. Quality constraints help to compare expectations and how close the results are. Performance Risk;  The team in the project should work systematically.  The project should always be kept under control.  A goal must be specified to the members.  Motivating work should be done to the project team. Environmental Risk  In order to reduce environmental risk, the project manager should always be able to answer questions.  Insurance measures should be taken for possible negative situations. The government must be informed Human Resource Risk  The hiring process should be appropriate to the project  Employees must be provided with opportunities to improve themselves.  Motivating efforts should be made for the employees to achieve efficient results in the project.
  • 13. 13 ProjectManagementLeadershipandSkills:PlanningandControl  In order for the employees to be successful in the project, a reward system should be applied.  Departments should be separated according to the project. Technical Risk • Hardware, software, and other technical supports should be provided in accordance with the project. • The system required for security measures should be installed in advance. • Technical risks should be identified before the project begins. • The measurement effect of all risks associated with technical risks should be included in the system. Cost and scheduling risks • Costs should be kept under control during the project process, and project costs should not be exceeded. • Loan funds should be planned for future cost issues. • A B-plan related to costs should be added to the project. Risks and solutions for the Yang Sing Hotel project:  Money overrun = Cost and financial plan  Market prices = Market research and analysis  Time constraint = Agile Project management approach  Architectural issues = Proper design and approval  Material inflow for transformation and construction = budget within limit  Stakeholder conflict over proposed change = Stakeholder analysis and rules  Stakeholder turnover = Stakeholder analysis  Government Policy = Compliance with the laws of the state
  • 14. 14 ProjectManagementLeadershipandSkills:PlanningandControl 11 Project Communication Communication is one of the essential factors to be able to see the hotel's opening and attract customers to the hotel. The best way to communicate is to reach potential customers and use integrated message channels wherever they are available to the existing customer. Universal marketing requires that the advertising brand and sales message be distributed through various distribution channels. (Ramsing, 2009, p.345-349) The communication plan does not only involve the transmission of messages or just asking questions (Todorovic et al. 2015.) Communication management plan maylor (2010). It consists of communication planning defined by information distribution performance reporting and stakeholder management. Communication planning of the stakeholders in the project; • Project manager = Telephonic communication, meeting  Risk analyst =Meeting, Email communication  Financial manager = Meeting, Email communication  Quality analyst = Telephonic communication, Email  Suppliers = Telephonic communication, Email  IT Specialists = Telephonic and face to face meeting  Project team Leader = Telephonic and face to face meeting, Email  Engineers = Telephonic and face to face meeting  Workpeople = Telephonic and face to face meeting, Email
  • 15. 15 ProjectManagementLeadershipandSkills:PlanningandControl 12 SWOT Analysis Strengths • The perfect location of the hotel (Manchester) • Private accommodation by a person • Five-star luxury rooms • Five-star guest services • Personalized packages and accommodation • Competitive prices • Positive feedback from the previous project Weaknesses • Continuously increasing competition in the market • High costs spent to bring the project to the desired level • Concerns after the hotel close in the past • The new architecture is far from the traditional structure Opportunities • Work to attract high-quality customers • Local and international partnerships • Online connections by making technological investments • Trained specialist staff • Partnerships with five-star quality local food and beverage producers Threats • Low prices of other competitive hotels • Future rival developments
  • 16. 16 ProjectManagementLeadershipandSkills:PlanningandControl 13 Possible Success Success factors must be analyzed and applied in order to complete the project successfully. The most critical success factor of the Yang Sing Hotel project is to benefit from the previous failure. Successful and unsuccessful situations in the past should be separated according to various factors. Success factors can be grouped under four different titles. These are financing, Budget, location of the hotel, and strategic factors. In addition, staff, marketing financial position, location are among the success factors. There must be a clear mission and goal to complete the project. The critical stakeholder of the project must be defined in the project. (Heldman 2018) The project must be completed according to the scheduled time. Project staff must be trained according to the risk and other issues in the project. Within the project, If there is a negative situation in the strategies, a b-plan should be included in the project beforehand. 14 Considerations Concerning Future Operations The future operations after the launch of the hotel should focus on higher customer satisfaction, the sustainability of quality, and continuous growth in order to exceed the expectations of stakeholders. Since the economic collapse in the past is over, the location and concept of the hotel should continue in the heart in the manchester without changing too many Risks in the project should be identified, and worst-case scenarios should be added, and the action should be taken accordingly. Employees and customer feedback should be taken into consideration, and solution-oriented action should be taken. The communication within the project should be maximized and applied in the best way. Time and cost ratio should be reviewed periodically, and the necessary plans should be made.
  • 17. 17 ProjectManagementLeadershipandSkills:PlanningandControl 15 References 1. https://www.thecaterer.com/news/hotel/manchesters-yang-sing-oriental-hotel- forced-into-liquidation 2. Drummond H. (2012). Guide to Decision Making: Getting it more right than wrong. Manchester Evening News. (2009) https://www.manchestereveningnews.co.uk/news/greater-manchester-news/yang-sing- hotel-closes-912079 3. Tace Blog Page. (2008) http://www.tace.co.uk/portfolio/the-yang-sing-manchester/ 4. Noordzy, G. and Whitfield, R., 2016. Project management of new hotel openings. In Project Management: Concepts, Methodologies, Tools, and Applications (pp. 154-177). IGI Global. 5. Harrison, J.S., 2003. Strategic analysis for the hospitality industry. Cornell Hotel and Restaurant Administration Quarterly, 44(2), pp.139-152. 6. Preble, J.F., 2005. Toward a comprehensive model of stakeholder management. Business and society review, 110(4), pp.407-431. 7. Johnson, G., Scholes, K. & Whittington, R., 2008. Explore corporate Strategy. 8 ed. Essex: Prentice Hall. 8. Van Wyngaard, C.J., 2011. Effective management of the triple constraint in project management through polarity management techniques-a refreshed perspective. M. Eng. Dissertation, Eng. Mgmt. Program, Univ. Of Johannesburg, South Africa. 9. Ramsing, L., 2009. Project communication in a strategic internal perspective. Corporate Communications: An International Journal, 14(3), pp.345- 357.
  • 18. 18 ProjectManagementLeadershipandSkills:PlanningandControl 10. Todorović, M.L., Petrović, D.Č., Mihić, M.M., Obradović, V.L. and Bushuyev, S.D., 2015. Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), pp.772- 783
  • 19. 19 ProjectManagementLeadershipandSkills:PlanningandControl 11. Maylor, H., Vidgen, R. & Carver, S., 2008. Managerial Complexity in Project- Based Operations. Project Management Journal, Volume 39, pp. S15-S26. 12. Heldman, K., 2018. Project management jumpstart. John Wiley & Sons.