Important Stages Of Construction Project Management

Procurement refers to the process of locating, purchasing, and transporting the materials and services required to complete a project. To keep unexpected cost overruns to a minimum during this stage, procurement and supply chain managers should provide input during the planning stages.

Fremont, CA: When millions of dollars are at stake in a construction project, avoiding costly mistakes takes precedence. You must account for every detail and contingency while working within strict time constraints and financial constraints.

Construction project management enables you to do just that, whether you're constructing oil and gas refineries, power plants, or cutting-edge infrastructure. Construction project management assists you in keeping the entire construction process efficient and on track, from planning as well as design to resource management and budget allocation.

Listed below are important phases of construction project management. Let's have a look.

Procurement

Procurement refers to the process of locating, purchasing and transporting the materials and services required to complete a project. To keep unexpected cost overruns to a minimum during this stage, procurement and supply chain managers should provide input during the planning stages. Even so, some volatility is unavoidable because prices are subject to market fluctuations. You should account for this risk as much as possible in your preconstruction planning.

There are advantages and disadvantages to obtaining materials from local, regional, or global markets.