Construction project management requires the skills and expertise of a traditional project manager but applied to the construction industry. Because a construction project is always shifting, an ideal construction project manager must possess a large array of experience and know-how to handle diverse teams and meet assorted objectives.
WHAT IS CONSTRUCTION PROJECT MANAGEMENT (CPM)?
Easy Consultants believes that "the art of directing and coordinating human and material resources throughout the life of a project by using modern management techniques to achieve predetermined objectives of scope, cost, time, quality, and participating objectives.”
At its most fundamental level, construction project management handles the planning, coordination, and execution of a construction project, whether it’s agricultural, residential, commercial, institutional, industrial, heavy civil, or environmental.
CONSTRUCTION PROJECT MANAGEMENT BASICS: HOW TO WIN THE PROJECT
When a project owner is ready to get started, the owner will share project information to a large group of contractors, general contractors, or subcontractors to solicit bids. The process starts with a cost estimate from blueprints and material take-offs, telling the owner how much money he or she should expect to pay for the contractor to complete the project.
A contractor can expect two kinds of bids:
Whether the owner chooses an open or a closed bid process for the project, the bids will then come in, and the selection of a contractor can commence based on a number of criteria:
The next and final step after an owner chooses a contractor is to negotiate a payment agreement. Both parties typically select from four payment models:
BUSINESS MODELS FOR CONSTRUCTION PROJECTS
The bidding process is usually consistent no matter the type of construction project, but you can expect two business models in the construction industry:
As noted in the two above models, the bidding process begins with the design phase. The design stage itself can be broken down into different approaches.
PROJECT MANAGEMENT PRINCIPLES AND PROCESS
After the bidding process is finished, the construction phase can then start. Although the stages of a construction project are different than that of traditional project management, they follow a similar pattern.
Before the project starts, a project manager must develop and evaluate the business case to determine if the project is feasible and worth undertaking. Stakeholders may be asked to do their due diligence and to conduct feasibility testing, if needed. When all parties agree to proceed with the project, the project manager writes a project charter or project initiation document (PID), which includes both the business needs and the business case.
Next, the project team develops a road map for all involved. This includes the project management plan (PMP), a formal, approved document created by the project manager to guide execution and control, as well as set baselines for scope, cost, and schedule. You can also expect to see these documents in the planning phase:
Now the work begins. Typically, all parties hold a kickoff meeting, then the project team begins the crucial work of assigning resources, implementing project management plans, setting up tracking systems, completing tasks, updating the project schedule, and if necessary, modifying the project plan.
4. Performance and Monitoring
The monitoring phase often happens concurrently with the execution phase. This phase is necessary to measure progress and performance and to ensure that items are in line with the overall project management plan.
This final phase marks the project’s completion. To mark the conclusion, project managers may hold a post-mortem meeting to discuss what parts of the project did and didn’t meet objectives. The project team then creates a punch list of any lingering tasks, performs a final budget, and issues a project report.
EPC stands for Engineering, Procurement, Construction and is a prominent form of contracting agreement in the construction industry. Easy Cosultants will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and then construct to deliver a functioning facility or asset to their clients.
The EPC phase of the project is also known as the Execution phase which normally follows what is know as a FEED or Front End Engineering Design phase. The FEED is a basic engineering design used as the basis for the EPC phase.
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