Project Management Report: Analysis of Hotel Construction Project

This report provides a comprehensive analysis of project management principles applied to a hotel construction project. It begins by outlining the background and fundamental principles of project management, including the various phases of a project lifecycle, and the role of a project manager. The report then assesses the viability of the project, applying success and failure criteria, and utilizing Net Present Value (NPV) calculations to evaluate the investment. It delves into the principles behind project management systems and procedures, emphasizing the importance of information knowledge, resource integration, and quality assurance. The report further explores key elements in project termination and post-project appraisal, including audit trails and closeout reports. It identifies the most appropriate organizational structure for the project, advocating for a functional structure, and outlines project controlling and coordination strategies. The report also examines project leadership requirements, human resource planning, and the construction of a detailed project plan, including scheduling and cost-controlling techniques. Finally, it analyzes methods for measuring project performance and explains project change control procedures.