MP 1 PM In Construction Final Report

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

Construction projects have always been a very important part of human civilisation. For handling a construction project there need men, money, machinery, material and management. The project would be successful when the project manager has these five variables under control. The key to project success is to pick the right project manager. A right project manager is the person who manages the triple constraints (cost, quality and time), scope and safety for the project to be planned in a correct way. A project manager should be capable of satisfying customer needs. Keeping clients satisfaction as a key goal, he should follow the project management principles. As the company wants to employ a project manager this report involves the key factors a project manager (builder) needs. It also addresses the roles and responsibilities of a site manager and project manager by using the project management principles overview which is applicable for this project.

Due to the scale of the contribution the construction industry makes to the economy it has been the focus of various reports and investigations with the aim of growing and improving the construction industry.

Projects are vital for business. Successful completion of a project determines the survival of the organization. Increasing number of organizations have recognized that to be successful they need to utilize modern project management techniques. Individuals are also realizing that to be competitive in the work environment they must develop project management skills. Hence the profession of project management is growing rapidly.

Projects contribute to innovation and development process of organizations. They indeed are different and they vary in size, types and challenges. In other words, projects are unique and specific with unambiguous deliverable targeted on meeting certain need or purpose (Mantel et al, 2005 p.1). It can be construction projects, or launching a new product or service, or the conduct of marketing event such as sales, promotions. In particular, a project personnel team, who are experts in specific function that regarding to project and then be grouped, plays an important role in planning, running and controlling the project. Therefore, this essay will discuss about why project personnel team is a critical resource of the project management.

As outlined by the Project Management Institute, project management is the coordination and monitoring of labor and resources for the duration of a project. [1] Many disciplines practice project life cycle management, which originated in the information technology field. However, any industry that undertakes complex initiatives now uses the practice to manage resources. The construction industry applies project management to build structures for many purposes, such as:

Before going into how project management can help organisations handle projects successfully it’s essential to discuss and understand what the two terms are. A project is where either an individual or group of people come together and form a team in order to specify and complete a task whether it’s to create a unique product or a service. A project consists of unique coordinated tasks for individuals with a clear starting and finishing date, which should be completed within the defined scope, time and cost. Project Management is series of processes which allow the projects and its unique tasks

The discipline of project management is involved in variety of industries. According to Linde and Steyn (2016), “Projects are structured and mandated according to the needs of the organizations within which they function; thus no two projects are the

Companies these days are turning to project management to consistently deliver business results and to stay ahead of the pack in today’s competitive and chaotic global economy. Project Management is in fact elaborated as project, program and portfolio management. More companies these days clearly sees the payoff from investing time, money and resources to build organizational project management expertise which ultimately benefits the company with greater efficiencies, improved customer and stakeholder satisfaction and greater competitive advantage.

The construction industry needs tools and techniques for land use, economic development, and environment planning to cope with development in various locations. This is achieved by the effective project management. Construction industry has been faced by so many issues which needed urgent attention. They include time and cost overruns due to poor implementation planning, inadequate project formulation, lack of contract planning and management and lack of proper management at the period of execution. Results from research showed that a project average cost is increased by 30% compared to the cost budgeted for that project. Observations show that appropriate management skill is important for completing project on-time within

Construction projects represent a unique set of activities that must take place to produce a unique product. The success of a project is judged by meeting the criteria of cost, time, safety, resource allocation, and quality as determined by the owner. The purpose of Project Management is to achieve goals and objectives through the planned expenditure of resources that meet the project’s quality, cost, time, scope, and safety requirements. The CM must control, deflect, or mitigate the effects of any occurrence or situation that could affect project success.

This is to certify that Akshay Paliwal has successfully completed the non teaching credit course(NTCC)-2 under my guidance. This Report was put forward for the award of Degree of MBA in Construction Project Management. It is submitted in the

Unlike all the various industries, construction industry would mainly work on the labor. In this particular industry, the completion of the work would mainly depend upon the number of employees working in the particular project.

The development of construction in recent times has been diminished by the political and economic situation of the country, the continuous change in the regulations, the shortage of inputs and the difficulty to determine the profitability in the construction projects. The private sector makes its efforts to continue constructing and orienting itself to the development of projects that are beneficial to society and that serve as an investment, in turn the public sector makes social investment in projects that improve the habitat and aim for a better development of the Locality, municipality or State.

As the Infrastructure development remains a key constraint, the government 's role remains essential. India 's government has long struggled to set aside enough money for infrastructure investment. The past decade has seen improvement on this front, largely because of private-sector involvement. Also, political pressure to keep