Construction Project Management (CPM)
Its defined as the direction, regulation
The main concept of construction is closely connected to technical parameters like budget and execution but it also requires solid communication between all the agents (stakeholders, contractors, community).
Role of a Construction Project Manager
A construction project manager is responsible for planning, coordinating, budgeting and supervising projects from the beginning to the end. In short, a construction project manager has to take care of the following:
- Put together the budget and negotiate cost estimates
- Arrange the work timetables
- Choose the most efficient construction method and strategies
- Stay in touch with the clients for work or
budget related issues - Discuss
about technical and contract details with workers and other - professional parties
- Keep an eye on the personnel in construction
onsite - Cooperate with building and construction specialists
Budget in Construction Project Management
Defining the budget is by far one of the most fundamental parameters that should be taken into consideration when you start putting together a construction project. The estimation of the cost can be a quite challenging task but if done correctly it can be one of the keys to success. As a
1. Analysis of the project: The first action that has to be taken is the clarification of the different objectives and limitations
2. Estimation of the budget: After having put all the priorities of your project in order, it's time to organize your budget in conjunction with a solid timeline. Now it's also a good time to ask for bids from interested contractors.
3. Monitoring of the cost: As soon as the construction project put in work, it's very essential to start keeping an eye on project costs. The sooner you start doing this the
4. Accounting: Having a highly competent accounting department is vital. In collaboration with the project team, they will be responsible for keeping all the financial agreements running according to plan.