Starwood
- Submitted by: reematahat
- Views: 453
- Category: Politics: Economics
- Date Submitted: 04/25/2012 08:43 PM
- Pages: 3
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Starwood: Project Management
The recent achievement of the prestigious AAA 5 Diamond Award for the resort triggered a review of the resort’s spa and golf programs to see what needed to be done to bring them up to the same, 5 Diamond level. The result of that was a corporate commitment of $38 million to renovate both the spa and golf course. “Clear and accurate definition of a project is one of the most important actions you can take to ensure the project's success. Defining a project is a process of selection and reduction of the ideas and perspectives of those involved into a set of clearly defined objectives, key success criteria and evaluated risks.” (Project Definition). Must take into account, the project definition should include a statement of the business need that the project seeks to address and the description of the product, service or deliverable business objectives. (Project Definition). We saw in the video that the company operations were instrumental in defining the scope of the project and marshaling the resources to prepare the plan. The Operations included the senior management at Starwood’s, the Corporate Design and Construction group. Also, they did the analysis of strengths, weaknesses, opportunities and threats. The Capital Committee needed to be involved early on to determine the $38 million price tag.
“Project planning is a discipline for stating how to complete a project within a certain timeframe, usually with defined stages, and with designated resources. One view of project planning divides the activity into: setting objectives, identifying deliverables, planning the schedule, making supporting plans.” (Project planning, 2002). In Starwood, the Company operations team continued its involvement by developing the architectural and engineering plans and the work breakdown structure and that show all the options of the project path. Accounting has prepared its forecast for the costs of this project. Finance has...
The recent achievement of the prestigious AAA 5 Diamond Award for the resort triggered a review of the resort’s spa and golf programs to see what needed to be done to bring them up to the same, 5 Diamond level. The result of that was a corporate commitment of $38 million to renovate both the spa and golf course. “Clear and accurate definition of a project is one of the most important actions you can take to ensure the project's success. Defining a project is a process of selection and reduction of the ideas and perspectives of those involved into a set of clearly defined objectives, key success criteria and evaluated risks.” (Project Definition). Must take into account, the project definition should include a statement of the business need that the project seeks to address and the description of the product, service or deliverable business objectives. (Project Definition). We saw in the video that the company operations were instrumental in defining the scope of the project and marshaling the resources to prepare the plan. The Operations included the senior management at Starwood’s, the Corporate Design and Construction group. Also, they did the analysis of strengths, weaknesses, opportunities and threats. The Capital Committee needed to be involved early on to determine the $38 million price tag.
“Project planning is a discipline for stating how to complete a project within a certain timeframe, usually with defined stages, and with designated resources. One view of project planning divides the activity into: setting objectives, identifying deliverables, planning the schedule, making supporting plans.” (Project planning, 2002). In Starwood, the Company operations team continued its involvement by developing the architectural and engineering plans and the work breakdown structure and that show all the options of the project path. Accounting has prepared its forecast for the costs of this project. Finance has...