5 Reasons To Use A Project Management Software

“Did you look into that new project?”

“What about that task assigned to you?”

“Is it done yet?”

If you have ever asked your team either of these questions, you are managing your projects the wrong way.

In any business, people who are involved in a project can’t remember every little detail in their heads. In order to ensure timely completion of projects, it is important to put down details, plot deadlines, share documents and maintain constant communication between teams. As expected, that amount of information is a bit too much for emails and spreadsheets.

However, here’s the good news: there are easy team management and project management tools that work really well in such scenarios. In this post, you’ll learn why project management software is all your business needs to run a project from start to finish. Continue reading “5 Reasons To Use A Project Management Software”

Rent vs Buy Analysis – Construction Cost Management!

  • Construction Equipment – Rent, Buy or Lease?

When it comes to acquiring construction equipment for your commercial construction company there are a number of factors to consider when it comes time to decide whether you rent, buy or lease. The first thing to consider is how often the piece of equipment will be used. This includes looking at your current needs and workload as well as factoring in your projected future needs. If you are using the equipment 60 percent of the time or more than you are better off buying the equipment or choosing a lease to own option. If the piece of equipment is something you are only planning on using occasionally or seasonally or if it’s a piece of specialty equipment that you only need for a small number of jobs you should probably consider renting. Other factors to consider include calculating all associated costs, transportation of equipment, repairs and maintenance, working capital, depreciation, and resale value. Continue reading “Rent vs Buy Analysis – Construction Cost Management!”

RISK IN PROJECT MANAGEMENT

  • What is Risk Management?

Project risk management is the process of identifying, analyzing and then responding to any risk that arises over the life cycle of a project to help the project remain on track and meet its goal. Managing risk isn’t reactive only, it should be part of the planning process to figure out risk that might happen in the project and how to control that risk if it in fact occurs.

A risk is anything that could potentially impact your project’s timeline, performance or budget. Risks are potentialities, and in a project management context, if they become realities, they then become classified as “issues” that must be addressed. So risk management, then, is the process of identifying, categorizing, prioritizing and planning for risks before they become issues. Continue reading “RISK IN PROJECT MANAGEMENT”

WHAT IS A PROJECT BASELINE ?

Even new or accidental project managers know that nothing ever goes according to plan. Any deviation from the project schedule or scope, whether it’s for the better or for the worse, throws off estimates and affects resource usage across other projects. That’s why you need a project baseline.

Not only do project baselines help keep the project on track, but they also play a key role in improving the outcome of the future projects by using the historical data.

But let’s take a step back and examine baselining from the ground up. Continue reading “WHAT IS A PROJECT BASELINE ?”

PROCUREMENT MANAGEMENT IN CONSTRUCTION PROJECTS

The procurement process is the method used to purchase goods or services. The process must be carefully managed to ensure good value is obtained, the correct goods or services are purchased, a high level of quality is received, timescales are met and good relationships are maintained between the procurer and the supplier. Establishing a procurement strategy at the outset is key to a successful outcome.

The strategy is likely to focus on issues such as:

  • Speed.
  • Cost.
  • Quality.
  • Specific project constraints.
  • Risk.
  • Asset ownership.
  • Financing.
  • Programme.

Continue reading “PROCUREMENT MANAGEMENT IN CONSTRUCTION PROJECTS”