The role of project management in commercial construction is fundamental to the oversight and control of the construction process. Construction management is the application of knowledge, tools, skills, and techniques to project activities to meet requirements. The goal is to maximize the probability that project objectives will be met. Here are some of the critical roles that project management plays in commercial construction.
1. Oversight and Control
Project managers are the overall coordinators of a project. They manage the interrelationship of all the parties involved in a project, including owners, developers, tenants, consultants, and contractors. They coordinate the activities of all the key players, ensure that everyone is working towards a common goal, and report to project owners, developers, and other parties. This requires they have the skills to resolve conflicts, understand all the parties, and use technology effectively.
2. Planning and Organizing
Project managers are responsible for planning and organization. This involves developing the schedule, budgets, and contracts and determining all requirements, such as site acquisition, permits, and designs. Based on milestones and deadlines, they make decisions that affect the overall strategy of a project. They are responsible for setting the long-term vision. They decide which elements, sequence, timing, resources, and quality should be used to achieve a project goal. Projects that lack a clear scope and schedule will run into problems.
3. Risk Analysis and Management
Project managers have to make decisions that affect the risk of a project. They determine what risks will be acceptable, what strategies will be used to reduce them, and how best to manage the risks that cannot be reduced. They recognize that some risks are unavoidable. In this case, they must evaluate strategies such as having more time, hiring more staff, or taking more resources from other projects. These decisions are based on the extent of risk, the cost of risk management, and the value of a project.
4. Contract Negotiation
Project managers have to be skilled negotiators. They often have to negotiate contracts with contractors, consultants, and other parties involved in the project. They must consider the project’s timing and cost while maintaining the best quality standards. They continually monitor performance to ensure that contractual obligations are being met. If not, they should take appropriate measures, such as withholding payments or terminating the contract.
5. Resource Management and Control
Project managers must take into account the quality, quantity, and timing of all resources needed for completing a project. Every resource must be matched to its purpose. The project manager must also ensure that the use and availability of these resources are adequately controlled. All equipment and materials must be recorded and monitored regularly to ensure they function correctly.
Project managers must strive to understand the complexities of the construction industry and be able to navigate through the many different options available. They must make decisions in accordance with company policies and the budget allocated to a project. As prices, times, and building technology change constantly, managers must adapt their strategies accordingly. The challenge is not merely to do a better job but also to make sure that others do so. If you need a construction team with strong project management and years of experience, contact T.F. Harper & Associates, LP. Our experienced project managers will ensure your project goes smoothly and meets as many objectives as possible.