Time, costs and potential risks are examples of project limits. Understanding project constraints is crucial as they affect project performance. The management of construction projects, like any other projects, involves phases. From design and planning to schedule to actual construction, each element is intricate and a component of a more involved overarching process. In all this, the lynchpins are project managers, who are at the frontline of initiatives of all sizes, where they lead, manage and strive for timely completion.
According to research by PWC, 97 per cent of firms believe that the function of a project manager is essential to company performance and organisational success. An intelligent project manager is ultimately the CEO of the project and runs it as if it were a mini-business with its budget, resources, and scope. They take responsibility for developing and implementing a strategy that produces results rather than excuses. They are highly organised and can prioritise tasks, requirements or issues. Good project managers know the latest trends in the real-estate industry and show their strong understanding and expertise.
Naushad Panjwani says that the construction industry in general is in the throes of technological absorption. Project Management is lagging by a mile. There is a technological explosion on-going all around us such as Big Data, cloud computing, machine learning, artificial intelligence, augmented reality, drones and metaverse; and it's time that project management caught up. Good project management consultants have adapted and adopted these new-age technologies which go beyond the Gantt Charts.
