Project Management Report: Yang Sing Hotel Re-launch Project Analysis

This report provides a comprehensive analysis of project management principles applied to the re-launch of a hotel, focusing on achieving desired goals and objectives post-economic crisis. It includes a project mission outlining the aims for successful re-establishment, emphasizing effective planning and maximizing productivity. The report utilizes Work Breakdown Structure (WBS) and Gantt charts for time management and task clarity, alongside a risk management schedule for identifying and mitigating potential risks. Furthermore, it explores potential conflict areas within the project and suggests strategies for resolution, such as enhancing employee problem-solving skills and employing improved techniques. The report highlights the importance of communication and leadership in successful project execution, emphasizing the role of the project manager and the need for clear directives to ensure the project's timely and efficient completion.

Project Management
Leadership and Skills

Executive Summary
The current project is based on the topic of analyzing the importance of project
management and how it plays a vital role in achieving the desired goals and objective. Current
report comprises of a description about the project mission which is based on effective re-launch
of a hotel to ensure higher productivity and success after the financial and economic crises faced.
This project also consists of use of WBS and Gantt chart which are effective time management
and statistical tool which brings more clarity in task and efficiency in accomplishment of project.
A risk management schedule has been also included in current project to effectively analysis and
mitigate all possible risk in efficient manner. Further, it also consists of analysis of conflict that
are likely to rise during a project along with recommendation of effective streakiest to tackle
these conflicts which comprises of enhancing employee problem solving skill and
accommodating improved techniques.
Contents
INTRODUCTION...........................................................................................................................................3
MAIN BODY..................................................................................................................................................3
Project Mission........................................................................................................................................3
WBS and Gantt chart...............................................................................................................................4
Risk Management Schedule.....................................................................................................................5
Discuss where is conflict likely to arise in the Project and What 5 strategies could you put into place to
tackle these sources of conflict and the role of the sponsor in this process............................................7
CONCLUSION.............................................................................................................................................10

REFERENCES..............................................................................................................................................11
INTRODUCTION
This report is based on importance of project and management and how effectively and project
be managed in order to achieve the desired goals and objectives. Project management is
important for every organization as completing the project within timeline helps organization in
achieving efficiency and effectiveness and it also contributes in boosting the revenues of
organization and maximizing productivity and profitability of organization. This report is based
on Yang Sing project and helps in understanding how this project can be made successful
without any difficulties and project can be completed within the proposed timeline. This report

also helps in understanding the importance of project management. Whenever implemented
right, this improves the efficiency of the every aspect of the firm. It frees up the team which can
concentrate on the game that counts, rather than being distracted by projects which go off course
or expenditures that lead to disaster.
MAIN BODY
Project Mission
Aims and objectives of this project is to re-launch the Hotel and plan effectively and efficiently
in order to make it effective and also have to ensure that previously what made the hotel being
closed and to ensure that any kind of financial and economic crisis won’t affect hotel. Aims and
objectives also focus on effective planning of reopening of hotel and ensuring that productivity
and profitability could be maximized by boosting revenues of hotel. There seem to be specific
processes and protocols that can only be observed and performed regardless of the size of such
business. This is critical to achieve the highest possible rating within every step. Because this is a
program with stakeholder groups, it is critical to properly organize all phases in order to meet
every one of the investors' requirements. These factors and possible risks should be taken into
account which included into the plan. Well before hotel's grand reopening, it generally takes 30
to 45 days to complete all scheduled work. There are several obstacles and possibilities in the
pre-opening period. Throughout this period, all participants are confronted with a slew of
challenges and opportunities. In light of the proposed budget, its response team administration
must devise other strategies in order to cover the essential first year of negotiations process.
These were done to meet financial goals as well as provide a return on the investment. As a
result, managers need to make adjustments to all operations in the hotel's pre-opening plan to
achieve the greatest possible outcome. This visually aim is to set out almost all of the
participants of even a business, initiative, or concept on each map is known as stakeholder
analysis. The stakeholder map's major value is that it provides a vivid representation of all the
individuals who could really impact the program and how they've been related.
People frequently mix up investors with stakeholders. Although stockholders own a piece of a
public business and are engaged in its performance, this does not imply that they'll be involved in
every initiative or service it launches.

WBS and Gantt chart
Activities Time Frame
Planning 12 days
Determining issue for closing of hotel 18 days
Finding Solution 12 days
Implementation 10 days
Controlling 15 days
Re-opening of hotel 23 days

WORK BREAKDOWN
Risk Management Schedule
This practice of detecting, analyzing, and controlling threats to something like a firm's
investment and profits can be called as risk management. Monetary state of mind, jural
facultative, strategy implementation happening, catastrophes, and environmental catastrophes
can be some of the dangers that are being might rise. In the digital businesses, the security risk of
Information technology and data related risk can be the risk management to resolve them in most
effective way and also they are becoming a main priority for the businesses. Each of the
company and businesses can be confronting the possibilities that related with anticipating and
damaging occurrences and that can cost them millions and billions and this could be results in
shut down of the business as well. Management of risk can be anticipate for the unpredictable by
reducing and diminishing their risk and expenses can be additional when they occur in the
business.
Any institution may prevention gross and preserve its reputation by set up a risk assessment and
analyzing the assorted intervention process when these happen. That's because a solid strategic
planning will aid a steady in found strategy to minimize possible hazard, extenuate its effect if

they do happen, and trade with the effect. Companies can become more comfy with making
management decisions if they can acknowledge and grip hazard. Moreover, good firm
administration rules, peculiarly those focus on hazard assessment, can aid a firm in accomplish
its goals and objectives.
Understand the settings by which the remainder of the procedure would occur. This is also a
good idea to figure out what parameters would be utilized to assess risk, as well as the
framework of the study. This business analyses and specifies possible risks that might have an
adverse influence on a given product's development. After identifying particular categories of
risk, the firm assesses the likelihood of them happening, and also the potential repercussions.
Another purpose of risk assessment is to learn more about each individual risk and how this
could affect the corporation's initiatives and goals. Increases company activities' reliability whilst
lowering legal responsibility.
Following assessing the risk's general probability of future as well as its actual impact, the threat
is even further analyzed. Depending itself on investor sentiment, the firm may then decide if the
treatment is appropriate but whether it is prepared to take this on. Businesses collect their
greatest risk and make a plan to mitigate them utilizing particular control measures throughout
risk mitigation. Risk mitigation methods, risk avoidance strategies, and emergency plans are all
part of these preparations in case the risk materializes.
Discuss where is conflict likely to arise in the Project and What 5 strategies could you put
into place to tackle these sources of conflict and the role of the sponsor in this process
During a perfect development project, someone always, including the client and project
management, will have the same project scope. Everybody must strive to achieve the very same
purpose of making the people satisfy. Whenever employees possess conflicting opinions about
the entire construction projects, another type of debate occurs. Individuals always have differing
viewpoints. Certain groups believe they require additional supplies, while others maintain that
sufficient underlying factors to complete the task. Conflicts in implementation team are the least
common of the five types of conflict in managing projects, but they can still nevertheless
generate issues on the job site.

It takes a village to build a house. And for success of the community, you'll require individuals
whom were knowledgeable enough to make their personal decisions and who work well with
others. Another of the five forms of conflict in managing projects is significant variations, which
takes place between two separate members of the workforce are unable to collaborate in order
owing to inherent disparities. Individuals that are unable to operate as a team want to get along
with other coworkers make repair work much more complicated than it needs to be. This
building project will be slowed by workers who are divided into groups. Employees must
transcend cultural peculiarities for both the program's advantage, whatever communication
difficulties or individual differences exist. Infrastructure projects are often performed
immediately by employees who do get together, operate as a group, and put their views aside.
With laborers, a lack of coordination is perhaps the most expensive of the five forms of process
improvement conflicts. Ever though, the much more serious flaw in a development project is a
lack of coordination. Providing incorrect or ambiguous directions might cause a project to be
delayed. As that of the project manager, one must engage among each employee over what
actually matters, whenever it needs to be addressed, plus where they should approach about
doing anything. When a project manager fails to answer clearly, then project is doomed to fail. A
failure to communicate can cause a project to be delayed significantly, resulting in higher
expenses. This is critical to communicate with the employees. This allows a project manager to
keep track of how and why the project works while also offering insight through some of the
issues that may arise on location.
As either a project manager, one must be able to guide you team more towards a successful
completion. One must be concise and to the point directions and monitor the progress of the
project to make sure everything is going well. A good project manager could play a huge part in
just about any individual, ensuring that the project is delivered on time or better than expected.
Whenever a construction manager isn't operating at his or her best, the project's development
might be slowed. Resource constraints, confusing directives, and uncertainty regarding employee
duties all emerge when there is inadequate management.
Even though there are disagreements on the building site, everyone should work together to
achieve a resolution. Collaborating jointly generally resolves the level of resistance, even if there
are divergent viewpoints upon on answer, a major threat may arise. Such dispute arises from a

misunderstanding on how to address the characterized by a growing. Conflict disputes are the
least common of the five forms of aggression in project planning, but even if they do occur,
sometimes can cause a project to be delayed for a significant period of time. This could also lead
to resentment among coworkers who become overly emotionally invested. For the benefit of the
project, it's critical that one resolve this dispute fast.
Individuals struggle with disagreement in multiple ways, necessitating the use of various conflict
resolution techniques. Developers spend plenty of time at Involvement Group speaking regarding
resolving conflicts and educating individuals to settle disagreement using only a number of
techniques. And that is how humans learned about the Thomas-Kilmann measuring instrument
plus their five dispute resolution techniques. This one is founded on the notion that within a
disagreement, individuals will have to choose whether collaborative and aggressive they want to
be. This implies that everybody has a favorite strategy of dealing with conflict, however that so
many of us utilize all of them in different situations. Whenever individuals avoid a
confrontation, they simply dismiss it or retreat from all of this. Whenever the unpleasantness of
confronting outweighs the possible reward of resolving the problem, individuals select either
strategy. Though this may appear to have been a simple task for the moderator, it's also possible
that people are not offering something of worth to just the dialogue and are concealing valuable
ideas. Nothing at all is solved while disagreement is ignored.
Competition is a strategy employed among those who enter a fight with the intention of winning.
Individuals are abrasive and do not cooperate. This notion that such party triumphs and
everybody else suffers characterizes this strategy. This doesn't enable for several points of view
to be incorporated through a well total situation. Competition is an excellent approach for
athletics or combat, but it really is seldom a viable method for addressing persistent issues.
Accommodating is a technique in which another party agrees to someone else's wants or
expectations. They're helpful, though they're not forceful. Whenever one realizes one would be
mistaken around an issue, this could look to be a courteous approach to concede. This is less
beneficial once a side makes an exception for the sake of maintaining peace or avoiding
disturbance. This, unlike procrastination, may lead to unsolved problems. Quite enough tolerance
can lead to organizations where more aggressive members take charge of the procedure and the
majority of the talks.

Whenever individuals become aggressive while yet being helpful, they collaborate. A team could
develop to enable everyone member to contribute their ideas, also with goal of co-creating a
workable approach which everyone can agree on. Reaching outside and touching someone is a
fantastic approach to communicate and resolve disputes. Compromise is also another technique,
in which members are equally forceful and collaborative. Everybody wants to give up something
of what individuals desire, but no one receives all they desire. Whenever operating by
agreement, the optimum solution is thought to be one that "bridges the gap." Even when no one
is really pleased with the end result, compromising is seen as reasonable.
Employees' problem solving skills have an influence on its business environment, influencing the
degree of continuing stress and burnout. Persons which employ a specific type of dispute
resolution might generate situations with varying degrees of disagreement, according to the
findings. People with a much more confrontational personality produce an atmosphere with less
job demands, which decreases interpersonal stress and frustration. People that employ more than
just the pushing or evading methods, but at the other hand, tend to foster a culture and there is
more task conflict, which leads to greater interpersonal work stress. It implies that issues arise
not just as a result of external factors, but rather as a result of people's attitudes whenever
presented with such a dispute. Everyone' reactions and the person's professional experience will
indeed be influenced by how a person responds to organizational discord and instability.
Because the project life cycle relies upon several individuals working together, this appears that
what a character conflict is inescapable. People, not systems, have a key part in the development
of conflict resolution. Whenever individuals from several backgrounds collaborate to achieve a
shared objective, interpersonal variations occur. Conflict that is centered on individuals may
have catastrophic and long-term consequences for personal relations. Such sort of conflict is
strong, emotional, personal, opinionated, hard to resolve, and typically harmful to program
performance and workplace effectiveness. Another form of conflict is known as interpersonal
conflict, and it is described as differences in person's worries. Project success is harmed by
occupational stress, while conflict management, to that certain extent, could be advantageous.
Even though there is no conflict, groups may not recognize redundancies occur; as a result,
whenever perspectives are questioned, stronger judgments are produced, related to working on

non-routine operations that demand more analysis, inspection, and discussion. Interpersonal
tension, on the other hand, tends to reduce pleasure and compromise with employee productivity.
Sponsors are company executives that help promote, advocate for, and shape project work. It are
in charge of the construction and project role has evolved and are responsible for ensuring that
the anticipated outcomes are achieved throughout period. It includes financial and non-financial
factors, as well as a risk assessment for the transaction, to provide outcome a sense of how
confident they are in the expected returns. Organizations with insufficient management and
sponsorship frequently find themselves striving to implement initiatives that have no justified
business necessity or the potential to seriously harm the organization's credibility.
CONCLUSION
Whenever handled effectively, disagreement in managing projects isn't always a bad thing.
Numerous benefits were discovered, including improved self improvement and happiness,
improved collaboration, plus improved project performance. Nevertheless, if disagreement also
isn't successfully managed, it can lead to a firm's demise. Another difficulty for organizational
leaders including project managers in program system is to manage the appropriate balance and
severity of conflicts. Supervisors may create an atmosphere that encourages creativity and
innovation by using program management concepts, recognizing conflict dynamics, and
mastering strategies and solutions.
RECOMMENDATIONS
This project can be start effectively and this project should go ahead as all the planning regarding
the relaunch of hotel is clear and this project can be effective and efficient because activity and
task in planned accurately and precisely. Project managers have to ensure that all the activities
and tasks should be completed on time and resources for project should be utilized effectively
and efficiently.

REFERENCES
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