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.
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”
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.
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:
Great commercial construction managers are often the unsung heroes of building projects. Thanks to their skills and diligence, construction projects can be delivered without delay, on the budget, and within scope. It takes exceptional resource management skills to ensure the right staff is working with the right equipment on the right tasks at the right time. Below are several resource management techniques, solutions and concepts to help your team mitigate risks and increase profits. Continue reading “RESOURCE MANAGEMENT FOR CONSTRUCTION PROJECT”