Construction project management is a demanding field that brings an extensive list of responsibilities. Not only do you have to possess necessary experience in project management, but you also need to know all the intricacies of the construction industry. If you’ve decided to take on a construction project, it’s crucial that you familiarize yourself with some of the most important aspects of such a venture.
The role of a construction project manager
As a project manager, your main responsibility is to make sure that your project runs smoothly and according to plan. However, since you’re in charge of a construction project, you need to deal with a range of different tasks from different fields. Aside from conducting the typical phases of project management – project initiation, planning, execution, monitoring and completion, a construction project manager also needs to take on certain tasks specific to the construction industry. For instance, you may have to learn different building codes, get all the necessary construction permits and manage teams from different fields, including contractors, on-site workers, etc.
Ongoing planning as an essential quality
Running a construction project requires you to create an extensive, detailed plan that lists all the aspects and stages of that particular project. You need to define project objectives, estimate the project cost and plan time and resources needed for the project. Based on these considerations, you and your team members will be able to come up with an appropriate strategy that all of you will follow during the project. You also need to create a work breakdown structure (WBS) document that lists categories of all the tasks that need to be completed, which brings a higher level of functionality.
Hiring the right project team
The project manager needs to gather the right team for the job and delegate tasks successfully and efficiently. Hiring a professional design and build team is a great way to share your workload and get the input of other experienced experts in the field. You need to recruit project participants who will contribute to the project and help you run it according to plan. As a project manager, you also need to ensure that there is an open line of communication that will be based on transparency. This is an essential step that will help you resolve any conflicts that may arise during the project. You can use a collaborative work management tool to communicate with your team members and inform them of any important changes efficiently and in a timely manner.
Financial considerations are a common aspect of running any project. Paying contractors based on the agreed bids is one of the financial considerations that you need to deal with. Whether you choose a lump-sum bid or one based on a unit price, it’s essential that you outline it in the contract. Estimating the cost of a particular construction project and creating a realistic budget also fall under the financial management. Typically, a project manager deals with this issue with the help of a chief estimator or a building estimator. Cost monitoring is also an important financial management task of a construction project manager. It’s essential that you come up with an effective way to monitor project costs in order to control the expenses and resolve any possible issues quickly and efficiently.
Disputes, risks and legal issues
As a construction project manager, you need to be able to identify and mitigate any risks, resolve possible disputes and make sure that everything is done according to legal requirements. Thus, you need to familiarise yourself with different conflict resolution strategies, such as mediation, mini-trial and arbitration. You also need to create a risk management plan that will prevent possible problems and mitigate their effects. Finally, since your role brings a lot of responsibilities, including dealing with contracts, licences, construction site safety and financial considerations, you need to be aware of legal requirements and possible areas of liability.
Managing a construction project brings a lot of important considerations you need to be aware of. As a construction project manager, you have to wear several hats in order to complete a project successfully.