Construction, one of the most competitive industries, is prone to dynamic market forces. Profitability and sustenance for construction firms and the success of individual projects depend on effective planning, management, budgeting, and implementation, which is the essence of construction management.
What is Construction Project Management?
A project can be described as a set of operations requiring resources, specific goals, start and finish dates, and cost factors. The planning, control, and oversight of a project from its commencement to conclusion can be summed up as construction project management. The complete satisfaction of the client’s requirements for a sustainable project in terms of functionality and budget is the ultimate goal of construction project management.
9 Reasons Why Project Management is Important in Construction
- Improves efficiency and delivery
- Ensures project stays on budget
- Improves communication
- Improves safety at construction sites
- Promotes a team-building structure
- Improves business resilience
- Identifies risks throughout the project lifecycle and ways of mitigating them
- Reduces delays
- Ensures quality control
Phases of Project Management
- Project Initiation: Project charter and project initiation
- Project Planning: Scope & budget, work breakdown schedule, Gantt chart, communication plan, and risk management
- Project Execution: Tracking, KPIs, Quality, and Forecasts
- Project Control: Objectives, quality deliverables, effort & cost tracking, and performance
- Project Close: Project review & appraisal, and reporting
Important roles of a Project Manager
- Alignment: The project manager ensures that the final deliverable’s aims are closely linked with the client’s strategic objectives.
- Leadership: A project manager and strong leadership help a team perform at its best. S/he serves as the team’s leader, inspires everyone to work hard, and gives them direction. Responsibility and accountability go hand in hand with leadership.
- Clear Purpose: A project manager must have a clear purpose to ensure proper planning, effective project execution, and achieving the project’s objectives.
- Achievable Objectives: Negotiating realistic deadlines with the client, team, and management requires effective project managers.
- Quality: The first thing required of a team when they work on a project for any customer is quality.
- Managing Risk Involved: A project manager aids in mitigating risk from numerous obstacles obstructing the project.
- Expertise on the Subject: A project manager is an authority in their field and is very knowledgeable about every facet of project management. S/he is also skilled at handling crises.
- Continuous Supervision: A project manager monitors a project daily, keeps track of its status, communicates with the client frequently, and ensures a successful outcome.
- Meticulousness: Maintaining order in the project process is very vital, just as it is to keep your house in order.
- Learning at the End: The amount of work put into a project or event does not determine its success. It may be both positive and negative. If it is positive, the project is a success, and the procedure can be repeated.
Related: The Complete Guide to the Role of Project Management in Construction
Need For Project Managers
A project manager is a person responsible for project planning and execution. Businesses that use project-based work schedules executed by many teams need skilled project managers. The project manager’s role is all about balancing a project’s schedule, budget, and overall scope while the team works to accomplish its goals. Project managers keep an eye on every activity that enhances a project. As a result, the project manager’s skills will determine whether it succeeds or fails.
The latest in Project Management
The PMI 2021 Talent Gap Report predicts that demand for project management-oriented employment (PMOE) in SSA will grow by 40% by 2030. The Project Management Institute (PMI) is the top professional organization for project management and the voice of millions of project professionals and everyday people who use project management techniques worldwide. PMI equips individuals to bring ideas to life. The PMI educates organizations and people at every level of their career journey to work smarter so they can drive success in a world of change through worldwide advocating, interaction, partnership, research, and training.
Successful construction project management maintains team alignment. With the aid of tools, you can centralize information, increase productivity, and save expenses. An interactive dashboard will suffice for this purpose and could be used to track both budgetary and technical inputs. The long-term benefit is that the project runs efficiently, increasing profitability and sustainability.