Know Construction Project Management in Detail and Make Most of It

 Do you know how construction project management can be useful for you? It is a broader concept that deals with various aspects, ranging from project conceptualization to completion. It includes planning, project scope, organizing multiple activities, assessing project risks, scheduling, controlling initiatives, and implementing effective strategies and tools to achieve repeatable success right through the system.

There is an important link between clients' expectations and acceptance of a completed project. A project management company ensures a smooth and uninterrupted transfer of a project from the design process to completion of a project.

Construction estimating in Massachusetts involves four stages which include planning, execution, and delivery. Project stages play a critical role in providing better control and management. A project usually starts gradually, touches the peak, and then declines to the final delivery of the project to the client. Some of the basic construction project management activities include the following:

Risk management

Construction is a complicated and challenging process that drives contractors to interpret and ensure compliance with codes, laws, regulations, etc. Communication and coordination among stakeholders may highlight differing interests, purposes, and expectations. Risk, therefore, should be considered an important component of a project.

Contingency plan

Some projects can get complicated as not everything on-site goes as per planning or expectations. Events like heavy rain, injuries, and the absence of employees due to sickness can affect the flow of work, leading to delays and pressure on the managers. The inclusion of an appropriate amount of slack time can allow a contractor to deal with contingencies. Slack time or float can be treated as a separate activity. However, a float is often included in the activities themselves, adding more time than anticipated to get the work done.

Material Ordering

The bar chart can help a contractor identify when a material is needed for a project and order it accordingly. Delivering a project on time is of supreme significance. Therefore, it is important to consider the delivery time when a material is ordered. This systematic approach reduces storage costs and decreases the chances of spoiling, shrinkage, and material being damaged.

Resourcing

A project manager can use bar charts to resource the project. This simple way of resourcing can help plan a logical breakdown of activities for the project and the expected time required to complete these activities. Each activity demands a different set of resources that needs to be identified. Materials, labor, subcontractor, and equipment are some of the fundamental resources required to carry out a construction project. We can adjust the chart bar by moving different activities back and forth in time to reduce the quantity of a resource required to streamline the requirements for that resource.

At Tierney Development Services, LLC, we are based in Massachusetts and provide Owner's Project Management, Owner's Representation, and Clerk of the Works services to the New England region. 

Briefly Put!

Familiarize yourself with various aspects of construction project management and make the most of it to run your business on the right track. You will always be in a lucrative position.

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