A construction project is one that includes managing the building of structures, right from the start to the finish. The professional that is responsible for the overall management is referred to as a construction project manager.
There are a wide range of factors that are required for the project to be successful. These factors are classified into project designing, cost management, time management, quality management, contract management, and safety management.
How to Manage Risks in Construction Projects
Construction Project Planning
You firstly need to meet with the owner, developer, and supervisors, to plan the complete project. This will include the main purpose, area of development, facilities, resources needed, amenities to be provided, project risks, work schedule, and many other aspects. Preparing a blueprint will give you a rough idea to move to the next step. You may even need to conduct geographical surveys for finding out the suitability of the project.
Contracts with Parties Involved
The next step is to carry out all contract formalities about the project. The manager has to establish and review the contracts of all entities connected with the project, such as the owner, the architect, and the builder. The manager can also get the contracts checked by a professional, regarding any criteria that has to be met before commencing the project.
Obtaining Required Permissions
The contracts may consist of certain conditions regarding legal formalities to be completed with city or state government authorities in the area. Since there is land and other geographical elements involved, you need to consider obtaining relevant licenses.
Obtain a budget and divide the costs for layout, building, plumbing and water system installations, electrical fittings, roofing, flooring, and so on. Owing to the possibilities of construction management risks, keep a small amount of finances aside for additional requirements and modifications.
Make sure the workers use available resources in the best possible manner, to keep costs in control. The material and resource management has to be executed as per the budget set in the initial planning phase.
Inspection also helps the manager know about the actual status of the work being done. You need to adhere to safety and building codes administered by the Occupational Safety and Health Administration (OSHA). Safety codes are to be documented and presented to the safety inspector, if asked for.
Proper communication with the construction team is a must when it comes to managing the project efficiently. Today, there are many advanced construction management software that aid managers to keep a track of the design, budget, progress, deadline, resources, etc., of the project. Managing construction projects requires a great amount of physical efforts, so you need to be physically fit to handle miscellaneous on-site management tasks.