Project Manager and the Project Management Essay

start Manager and the Project Management - Essay ExampleAll these were made possible by having a well plotted and construction proletariat. Introduction The perennial contradiction created by aspirations of designers, owners and constructors have gone mission critical in the recent economic times. Pressure is mounting on the owners to save time and speak to in all told aspects of construction, where as the designers be seek to conserve utilization rate at satisfactory levels and contractors are act hard to maintain funds spring and a healthy order book. The owners have always anticipate to have an expeditious, quality with a maximum functionality at a least capital cost. From the designers point of view, the owner invariably wants a good and sound design at minimum cost and often in an overly optimistic timeframe. Therefore this paper testament analyze all the factors which contributed to the succeeder or failure of this construction project based on the following three m anagerial primordial elements which are the major determinate for the success of the construction project. Managing costs of the project, accomplished through accumulating, organising and analysing data and insurance coverage cost time and performance information through formalised methods and structures. Managing time planning, scheduling and controlling the project to achieve the time objectives through recognised control methodologies Managing the human resource, directing and co-ordinating the administration of people snarly in the project such as dispute resolution. Managing costs of the project Contract cash flow The contractors business model relies heavily on cash flow, despite this key factor, subcontractor normally sign up to pay only when paid contract provisions which severely hamper their cash flow. For contractors and designers who are so anxious in maintaining cash flow are always tempted to make low-ball bids so as to win many tenders. Before making such decision, it is advisable for these designers and contractors to make sure that they are properly informed on the following about risk profile of the project, any provisions cascaded from otherwise contracts, their liability, security required, notice period claim, warrantee provided, ramification on the mindset of staffs and the defrayment terms. To avoid contractors world preoccupied with money worries, owners must offer better payment terms as well as prompt payments. To the contrary, the practice where owners decide to give service providers and contractors a run around when it comes to the bona fides invoices is becoming so prevalent. In doing these, owners are unnecessarily prejudicing the survival of contractors and service providers alike. Inevitably some companies will be struggling to meet the payment schedules, and therefore in such situations, the company should seek to renegotiate the terms of payment at an earliest possible opportunity. Managing time planning, scheduling and controlling the project Construction scheduling and modify The need for a well developed critical path method scheduling has become more than and more pertinent in undertaking projects. The CPM schedule can greatly increase the chance of termination on time while minimizing the incidence of any claims. Once an appropriate CPM is in place, the following will be achieved Improved planning ahead of