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The use of specialized knowledge, skills, tools, and processes to provide something of value to others is known as project management. Projects include software development to improve a company's performance or construction of a structure/ building or relief efforts following a natural disaster, or the expansion of business in a new geographic market.
Every project is a one-time attempt to produce value through a unique product line, service line, or customized outcome. There is a starting point and there is an endpoint for every project.
Creating a project schedule begins with time management methods. We must keep in mind that the project timelines are fixed and split among many milestones. Collect feedback from stakeholders on what they need/ when they need it. Don't make your schedule by yourself.
It's critical to define tasks, resources, dependencies, and durations with the help of your team and other stakeholders. Look back at previous projects or similar projects for references or lessons learnt.
Examining prior projects with similar scales and needs can aid in the creation of accurate estimates and ensure that no jobs are overlooked.
Consider the project risks. Identify and document any reasons that could cause you to miss your deadline. This will assist you with risk management. Assumption and exclusion risks are key items to assist in minimizing or managing risks.
The procedures of the building structure, landscaping, refurbishing or remodelling, as well as other associated operations such as demolition, site clearance, administration, and maintenance, are referred to as construction phases or stages.
There are 5 Key Construction Stages of a project:
The initial phase of any large project involves the process of articulating and defining the project's goals, as well as assessing the project plan's feasibility.
In layman's terms, the planning phase is when the project owner or end client, architect, and construction manager negotiate what to be built, and how it will be accepted or approved by regulatory authorities. And finally what would be the limits of the project in terms of outcomes, setting-outs, BIM Model, Quality Assurance Process and assumptions /exclusion?
Construction documents translate early planning into contract paperwork that will be submitted for a building permit and conveyed to the contractor in order to specify exactly what is being built.
In many states with a complicated series of approvals, an extended Detailed Design package is usually produced as a planning package. This stage is critical for planning and executing a successful project.
The submission methods listed below are also coordinated with the project team:
This is when all of your preparations will pay off. As the project advances, keep track of any changes from the initial design. A successful implementation stage has the following characteristics:
This step occurs concurrently with the implementation process. Performance and monitoring ensure that all tasks are executed on time and on schedule. As a result, it is a standard procedure that must be followed during the execution of the project.
The final stage of a project is project closure, often known as project close-out. This is an important step that, if not handled correctly, may transform a good project into a nuisance for the owner.
Project close-out processes comprise more than just completing the punch list; they also entail handing over the project to the end client, so they can commence actual usage or operations.
The construction process may include the following steps:
Construction is a delicate industry. Each building project is distinct in its problems and opportunities. Identifying and controlling construction project risks might be difficult, but with proper planning and execution, it is surely not out of reach.
Construction risk management is critical because when a risk becomes a reality, it can disrupt and derail a project. You must be able to appropriately analyze, control, and monitor risks once they have been recognized in order to avoid major disruption.
Risk isn't always a bad thing. Increased profitability, better customer relationships that lead to additional projects, and the ability to extend your firm into new markets and industries can all result from being able to successfully identify and manage risks.
You must understand the sorts of hazards that exist in construction projects in order to properly manage construction risk. Financial, contractual, operational, and environmental issues can arise from both internal and external sources.
The following are some of the most common risks at construction sites:
When risks materialize, they can have a significant influence on your project's costs, timelines, and performance, resulting in delays and disagreements with the client. The good news is that with adequate project planning, resource planning and project management, most of these risks can be handled and reduced.
Construction risk is highest at the outset of the project, beginning with the procurement route chosen. Construction projects take a variety of procurement strategies, each with a different risk balance in favour of the customer or the contractor.
Client-led design and build, for example, places the burden of risk on the client during the design phase, whereas contractor finance or PFI places the burden of risk squarely on the contractor during the design and building stages. As a risk mitigation method, consider Risk Transfer.
Client risks include price, time, and quality. For the client, risk management considerations may include:
I hope the blog provides you with adequate knowledge of Project and Construction Management and its importance. Please feel free to like, share and comment.
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