Project Management 101: The Ultimate Guide for Construction Businesses

Project Management 101: The Ultimate Guide for Construction Businesses

Project Management 101 is a comprehensive report that explains the function of project management within construction, and discusses its increasing importance.  Here’s what you can expect from Construction World’s ‘Project Management 101’:

  • What is meant by construction project management
  • Modern project management strategies
  • The industry’s best project management companies
  • Project management tools and software 
  • Information on construction project management training through industry associations and educational institutions

Project Management 101: What is Project Management?

A project is an activity with a designated start and end time. It is not a routine operation and often involves a group of people who don’t normally work together, from different organizations, industries and locations. In order for these projects to go as smoothly as possible, the application of knowledge, skills, tools and techniques are necessary to carry out the activities needed.

Within the construction industry, project management has become a necessary process. In comparison to other industries, construction – whether the creation of bridges, roads or buildings – requires an enormous amount of coordination and management between various teams.  Construction project management also differs from the management of other types of projects because of its mission-oriented nature. A project will generally be terminated once the mission is completed. In terms of its practice, project management is the act of directing and coordinating human and material resources and using particular techniques to ensure the completion of a project is done efficiently and profitably.

Construction project management requires numerous skills like communication, organization, problem-solving and flexibility in order to be successful. In recent years, the project management industry has grown tremendously. The Project Management Institute (PMI) estimates that between 2010 and 2020, there will be 6.2 million project managers in the United States alone.

The greatest asset that project management brings construction companies is the ability to blend skills in construction, communication skills and the application of business principles. Project managers are often brought in to oversee a variety of activities, but primarily are utilized to produce the most functional and efficient projects, on time and on budget. Having a project manager present benefits the client, the entire jobsite and the construction company involved in a variety of ways. Here are some specific examples of how a project managers can make a positive impact:

  • Be a representative for clients, and use their knowledge to make recommendations that are in the best interest of the owner(s).
  • Oversee the entire project from the outset, including competitive bidding, value addition, contract negotation and reduction in completion time.
  • Make business decisions to retain or eliminate specific teams or personnel based on productivity.
  • Minimize errors and ensure quality of work by maintaining high standards through regular inspections.
  • Resolve any conflicts between construction companies and clients, representing both sides fairly and equally.
  • Develop realistic timelines and reliable budgets by coordinating with various teams.

 

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