How to Plan for Your Construction Project Management Success with Win-Win Outcomes.
If you’re driven by plans and attention to details; you think in terms of processes and systems, love to really work something out to its ultimate end and to the satisfaction of the entire team, would it be fair to say construction project management runs in your veins?
Perhaps you want to walk away from a project knowing you’ve added real value?
Construction project management, development management are all very specialised areas and needs more space than we have to fully explain it here:
- Project integrative processes
- Project scope
- Project time
- Project costs
- Project quality
- Project human resources
- Project communications
- Project risk
- Project procurement
Construction project management organise different disciplines and at the end of the day, administers the contract, which means you’d need a solid understanding of the entire contract to undertake the process of delivering the project.
In reality, its amazing how often experience or hands-on knowledge is overlooked; probably the most important element being able to read a complete set of plans so you know what part of the building cycle you’re in…
Implementing simple, yet cost effective strategies for reducing building costs from going up or out of control and that’s why great project management covers all disciplines and is such a valued and critical skill required.
Construction project management cements relationships, trust in the team and advisers which takes a project, analyses it from a construction point of view, from the buildability point of view, from a delivery point of view…
To be truly successful in project development, you need to adopt tracking systems, along with a hand-picked team to help you add genuine value, which makes sure you leave none of your hard-earned profit on the table.
You’ll discover why following a simple system which works means you’re able to replicate your success over and over again while maximises your overall profit by retaining total control, right through to the end.
Smart construction project management means seeing exactly what could go wrong, what it caused and how to change direction.
Its like being a precision engineer, proficient communicator, focused leader, risk mitigator and visionary, working back-to-front is critical so you avoid common project management mistakes which can lead to disastrous results.
The good news is thorough research is no longer a problem, the only misconceptions are those surrounding what you don’t know
and which mistakes can actually be avoided so you can deliver successful projects on time and on budget…
Remember, it’s a business deal. So you need to know if it’s viable before going any further. Construction project management
allows you to change outcomes to your advantage by continuing to improve your knowledge, skill sets and resource base.
You’ll quickly come to realise it’s not about fees or anything else but it’s about trust and keeping a good reputation is paramount for anyone serious about construction project management.
One of the first steps you need to do is identify what motivates the various parties. Just by making the wrong assumptions, you can actually destroy the chance for achieving the best outcome.
Equally important is understanding how to structure construction in a way which encourages each party to divulge what’s important
to them. Why? Because before you’ve secured the project under contract, the last surprise you want is to incur costs.
There’s no point negotiating what you believe to be the most favourable price and terms; a really great deal which you feel looks OK only to find out after settlement the project contains some major defects…
Construction deals usually revolves around best practices through following a clear and effective plan or framework where various components aligning financial analysis via safer plan A/B for risk management in reducing significant problems.
You’ll find the most logical way is to reduce every step down into bit-sized chunks. After the numbers are crunched you create
budgeting of money and timelines because hundreds of thousands of dollars and/or millions, this is not something you want to take lightly.
Construction project management requires due diligence in terms of time, money, level of difficulty and effort from beginning to end closure. This helps you understand what is important in relation to investment objectives and construction criteria.
Construction project management is a series of strategies for handling key non-compliance issues, breaking costs down into stages of development to effectively keep track of progress, and money spent throughout the project in order to achieve a profit and make sure figures stack up.
Construction project management means sticking to schedules, timelines, budgets and construction costs must be accurate because if
any of these figures change it translates into cost blowouts and reduced profitability…end results of the deal changes too.
Typical construction projects fail in three areas:
- Underestimate costs
- Takes too long to complete project
- Fail to manage cash flow
Construction project management is about getting the right people, so the first step is you need trust in your team and the right team
because you need to understand all elements of the budget, schedule and cash management of project.
How does each task and component of the process affect profit. The lack of cash flow will delay or stop the project dead.
You need to know all the ins and outs of clauses within the contractual agreement; in other words if there’s an ulterior motive and any variations on the plan affects budgets, timelines and product delivery.
Do you want a better idea of what you could expect from best practice project management? Why is construction project management crucial in context to your project’s end result and successful completion?
New project managers may think its easy, however not understand planning for the completion of a project is part of the initial project plan. If you wait until the end of your project to start thinking in detail about its closure, it may be too late to get all the necessary information and resources.
Start planning for your project’s completion at the same time you prepare your initial project plan by doing the following:
Describe your project objectives clearly and concisely by identifying all relevant objective measures and specifications. If one of the project objectives is to change an existing situation, describe that situation before you begin your project so you have a comparative basis for assessment at the end of your project.
Prepare a checklist of everything you must do before you can officially close your project.
Here are some construction project management examples of closure items to include on your checklist:
- List any unfinished project activities.
- List all required deliverables.
- Get all necessary acceptances and approvals of project results, including those of the client(s).
- Assess the extent to which project end results meet expectations.
- Perform all required construction project management administrative tasks.
- Terminate all related contracts for goods and services.
- Transition team members to their new assignments.
- Ensure all project documentation and deliverables are archived in appropriate storage locations.
Construction project management means accounting for each item on project-closure checklist, specify who will perform it, when it will be done and what resources will be required.
Always include closure activities in your project plan. In your project’s work breakdown structure (WBS), specify all activities you’ll perform to close out your project, and plan for sufficient time and resources to perform them.
Construction project management encourages your team members to consider the closing project stage of your project to be a separate assignment with its own objectives, tasks and resource requirements.
As you complete the main project’s work, review and update preliminary closure plans you developed in your initial project plan.
At the end of the day, you might ask ten different people and get six different answers, however you’ve got to make a judgment call.
Of course, it’s your final judgment call that counts.
Hopefully, you now have a far better understanding of what’s involved when it comes to construction project management…
Construction Project Management