I&I Soft Craft Solutions
A construction project involves numerous complex elements, whether creating a new building, facility, roadway, or infrastructure like a sewer system or dam. Managing such projects can be inherently challenging due to their multifaceted nature. Clear guidelines will help enhance and streamline the processes and ensure everyone involved stays on the right track. This is where different phases of construction project management come into play.
Construction project management coordinates human, material, and technology resources throughout a project’s lifecycle. It’s a vital tool in completing various construction endeavors, from building houses to executing commercial and industrial projects, including manufacturing plants and oil and petroleum facilities.
Ultimately, effective project management is paramount in achieving the envisioned scope, cost, time, quality, and productivity goals. Read on to learn more about its phases.
The Five Phases of Construction Project Management
- Initiation
A project manager must develop and assess the business case to determine if it is feasible and worth undertaking before construction starts. Stakeholders or investors may be asked to do their due diligence and conduct feasibility testing if required. When all parties agree to proceed, a project initiation document (PID) or project charter will be written, which includes the business needs related to the case.
- Planning
Next, the team develops a road map for all involved, which includes the project management plan (PMP). It is an approved formal document created by the project manager to guide execution and set baselines for scope, schedule, and cost.
In this phase, you can also expect to see other documentation, such as a scope statement, work breakdown structure, communication plan, and risk management plan.
- Execution
Now, the work begins. The project team begins assigning resources as well as implementing project management plans. Here, they start setting up tracking systems, completing tasks, updating the project schedule, and modifying the project plan if necessary.
- Performance and Monitoring
This phase often happens concurrently with the execution period, which includes measuring progress and ensuring that items align with the overall project management plan. Managers use key performance indicators to identify and address deviations from the benchmarks so that timely adjustments can be made to the plan to mitigate risks and optimize outcomes.
- Closure
As a project draws to a close, the team enters the final phase, which marks its completion. The project managers may hold a post-construction meeting to mark the conclusion, where discussions happen about what areas did and didn’t meet objectives. The team then creates a punch list of remaining tasks, develops a final budget, and issues a project report.
Rely on the Experts for Your Next Construction Project
Construction project management plays a significant role in project success by ensuring everything runs smoothly and on track throughout every stage. Achieve your desired goals and ensure success from start to finish. Contact I&I Soft Craft Solutions, a dependable soft craft contractor well-versed in project management, to discover more about our fully integrated solutions.