Updated: Feb 17, 2022
The rapid economic development has increased the demand for the construction of infrastructure and facilities globally. Sustainable development and globalization are the new Zeitgeist of the 21st century. In order to implement these projects successfully and to meet the functional aim of the projects within their lifetime, efficient project management in construction is needed.
Construction project management could be defined as the direction, regulation, and supervision of a project from early development to completion. The ultimate goal of construction project management is the full satisfaction of the client’s demands for a viable project both in terms of functionality and budget. There is a wide range of construction project types, such as commercial, residential, industrial, and heavy civil.
The main concept of construction project management is closely connected to technical parameters like budget and execution but it also requires solid communication between all the agents (stakeholders, contractors, communicators).
Project management is important because it ensures what is being delivered, is right, and will deliver real value against the business opportunity it ensures there is a proper plan for executing strategic goals. It ensures the quality of whatever is being delivered, consistently hits the mark.
Project management in construction is of key importance to quality assurance because it allows for a staggered and phased process, creating time for teams to examine and test their outputs at every step along the way. Tracecost also provides real-time project management improving team collaboration on projects and monitors team performances, leading to greater work efficiencies. It facilitates effective change management.
Risk management is critical to project success. The temptation is just to sweep them under the carpet, never talk about them to the client, and hope for the best. But having a robust process around the identification, management, and mitigation of risk is what helps prevent risks from becoming issues. So project management plays a significant role in ensuring that the risks are properly managed and mitigated to avoid becoming issues.
Putting a construction project together is a really challenging effort. There is a plethora of parameters and elements that should be exhaustively analyzed. That is why it is crucial to trust the management of your project to construction management software that will make your life easier and that at the same time will give you the opportunity to take your construction plan to a whole new level.