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Welcome back to this new edition of Construction Business Review !!!
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JULY 2023CONSTRUCTIONBUSINESSREVIEW.COM8IN MYOPINIONThe construction industry is a complex and challenging environment, with multiple stakeholders, tight budgets, and strict timelines. Successfully managing a construction project requires a combination of technical expertise, leadership skills, and effective project management practices. In this article, we will explore the importance of project management during the construction phase, and how it can help ensure that construction projects are completed on time, within budget, and to the desired quality standards.The Role of Project Management in ConstructionProject management is a critical function in the construction industry, as it provides a framework for planning, organizing, directing, and controlling resources to achieve specific goals and objectives. Effective project management involves balancing competing demands such as cost, time, quality, and safety, while ensuring that all stakeholders are kept informed and engaged throughout the construction process. By applying project management principles and techniques, construction projects can be executed more efficiently and effectively, leading to increased productivity, better quality, and higher profitability.Improved Efficiency and ProductivityOne of the primary benefits of project management during the construction phase is improved efficiency and productivity. By carefully planning and coordinating all aspects of the project, project managers can ensure that resources are allocated effectively and efficiently. This means that workers are not wasting time or materials, and that the project is moving forward as quickly and smoothly as possible. This, in turn, can help reduce costs and improve profitability.Better Communication and CollaborationEffective communication and collaboration among all stakeholders is essential for the success of any construction project. Project management helps to foster clear communication and collaboration among architects, engineers, contractors, and project owners. This can help ensure that everyone is on the same page, that everyone understands their role and responsibilities, and that any issues or concerns are addressed promptly and effectively. This can help reduce misunderstandings, delays, and conflicts, and can help ensure that the project is completed on time and to the desired quality standards.More Accurate Budgeting and Cost ControlOne of the biggest challenges in any construction project is staying within budget. Project management helps ensure that the project stays within budget by carefully monitoring costs and making adjustments if necessary. This can help prevent cost overruns and unexpected expenses, which can eat into profits and derail the project.Project managers can use a range of tools and techniques to manage costs, including cost estimation, cost forecasting, cost tracking, and cost control. By analyzing the cost performance of the project regularly, project managers can identify potential cost overruns early and take corrective action to keep the project on track.Enhanced Safety and QualitySafety and quality are paramount in any construction project. Project management emphasizes safety and quality standards throughout the construction process, helping to minimize accidents and errors. This can help protect workers, reduce liability, and improve the overall quality of the finished product.Project managers can use a range of techniques to ensure safety and quality, including risk assessment, quality planning, quality control, and quality assurance. By incorporating safety and quality standards into every aspect of the project, project managers can help ensure that the project is completed safely, on time, and to the desired quality standards.Greater Stakeholder SatisfactionUltimately, the success of any construction project depends on the satisfaction of all stakeholders involved. By ensuring that the project is completed on time, within budget, and to the desired By Erwin Wong, DC Project/Design Manager , Royal HaskoningDHVPROJECT MANAGEMENT DURING CONSTRUCTIONErwin Wong
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