5 Tips for Successful Project Management in Real Estate Development or Construction
Our years of experience working in the construction management industry have taught us a great deal about successfully running a project. We know that effectively managing construction projects can be complicated and exhaustive, but it doesn’t have to be.
Contractors can achieve the very best construction project management with planning and modern technologies.
Here are 5 tips for Successful Project Management
1. Develop a Solid Game Plan
Before the start of a project, there should be a solid foundation. This entails identifying the needs of the stakeholders.
Knowing all the details is how you lay the foundation for a successful project. Therefore, it’s vital to ensure that the project scope is distinctly identified, including the roles and responsibilities of the various project team members. Also, make sure goals are clearly defined and closely aligned.
The best way to predict the project’s lifecycle is to create a clear plan of operation is to follow the five traditional phases of project management: initiation, planning, launch, performance, and closure.
Put in place measurable and trackable success criteria, including budget and schedule targets, product quality and functionality checks and tasks to ensure government and/or industry regulations are consistently met.
Maintain control by evaluating at the end of each phase.
2. Put the Right Team in Place
You can now start assembling an effective project team with a plan in hand. As a project manager, you’ll need to align the right skills, talents and personalities with the appropriate project needs. Each team member should be clear about their tasks and what they are expected to provide upon completion.
The key role of the project leader should cultivate positive team dynamics and act as a coach and/or mentor to all team members. The best project leaders inspire their team all the time, whether things are going well or not.
3. Have a Documentation Process
Ensure all documentation is in place, updated and consistently tracked. From the beginning of the project to specific milestones to closeout, documentation needs to be in place and signed by the stakeholders when required. It’s crucial to have everything documented in case of any unforeseen events or audits occur.
4. Facilitate Real-Time Collaboration and Communication
Create an effective communications plan and stick with it. Communication should be consistent throughout the entire project. It should also be open, honest and clear. Look for technologies that promote collaboration and real-time data delivery and workflows so that team members are not waiting for the correct information - or working from the incorrect information.
5. Exercise Patience
Construction projects, unfortunately, don’t always go according to plan. Issues can surface during the construction process. These issues can cause delays and disputes. Other matters like change orders, budget and schedule changes, weather conditions, material or supply delays etc., can all contribute to delays in the project. It’s essential to keep your cool to deal with each situation most efficiently and professionally.
Final Thoughts
In a project, each team member has a specific skill set that is integral to the project’s success.
The first few projects will always be nerve-wracking as you develop successful project management skills. Stick to the basics and the project manager tips above to meet your project management goals on schedule and under budget.
RIISE consists of industry-leading, knowledgeable professionals with years of experience in all areas of construction management and the entire building process. We help organize, administer, and oversee the construction of high-rise, mid-rise, stacked townhomes, and ICI projects. From the initial stages of your project to the final touches, RIISE is an invaluable ally every step of the way.
We are committed to implementing the best practices for all phases of the project. We can help your organization with the management of any construction project. Contact us today.