Prioritisation In Project Management

Key elements to project management are planning and prioritisation and they are relative to the time management of a project. Disciplined time management is fundamental to effective project management, if a project manager cannot control his own time, then the project cannot be controlled. (Kerzner, 2013). This essay will explore the impact of planning and prioritisation and the effect they have within project management in real estate companies. The first part of this essay will explore the impact of planning in project management and it will look into what is involved in planning and when planning can become problematic. The second part of this essay will look at prioritisation, the methods used and the challenges that can arise. Lastly

However re-planning is perhaps not always possible due to project constraints such as being too far into the project to make changes and having a strict timeline to adhere to meaning any change results in a delay and expense . External dependants such as companies involved in a project rely on an accurate time line and incorrect prioritising can create risk to the overall delivery of a project. Understanding the severity of project decisions in relation to risk and then prioritising risk based decisions on a project can help to mitigate downtime or loss on a project (Thomset, 2010). When a challenge presents itself it is at the discretion of the project manager to handle it in relation to the critical effect to the project with continuity of the project being at the forefront. Project managers must have a good understanding of the principles and practice of prioritising work regardless of challenges (Newton, 2013). Furthmore some challenges are out of the control of a project manager and all they can do is plan and prioritise around these events. Having to deal with challenges when they come up is part of the project managers role within real estate companies. Dietrich Dorner,1996 cited in Kliem, (2014, 103) states that ‘ The propensity to solve a problem sooner rather than later leads to making incremental mistakes that accumulate’ This suggests that rushing into a task without thought to prioritisation of works may lead to scheduling issues later on in a project. However if there is a problem that requires solving then the project framework should be set up agile enough to handle such reactive problems and there should