Following a specific methodology for managing a project, provides the assurance that the job will be done in time, under budget and on specifications. So project management methodology is a must in order to reduce, if not avoid, risks, and is one of the most critical success factors. It can be similar to a guide that helps the team work efficiently through the processes and tasks of the project and the execution of all the phases from the beginning to the end. In other words Project Management Methodology determines the best way to plan, control and deliver a project throughout the continuous implementation process until successful completion and termination. Typically a methodology provides a skeleton for describing each step and detail of
Project management, planning and implementation cycle: Planning and implementation of the project is essential for the success of the project. There are much kind of resources like man power, skills, equipments and budget. Planning should be done to meet the goals and objectives of the project. There must be a complete coordination among process. The risks and its management are important for the successful implementation and completion of the project.
Project management, planning and implementation cycle: Planning and implementation of the project is essential for the success of the project. There are much kind of resources like man power, skills, equipments and budget. Planning should be done to meet the goals and objectives of the project. There must be a complete coordination among process. The risks and its management are important for the successful implementation and completion of the project.
Project management is an art of directing and co coordinating human resources by using new techniques and good management to achieve required objectives of a construction project. There are potential conflicts between the aims with regard to scope, cost, time and quality. These conflicts can be reduce by making the necessary tradeoffs by creating new alternatives. Subsequently, the basic principles a construction Engineer should have at the start of a construction project. 1.
These include clearly defined objectives, a competent project manager and team, top management support, sufficient resource allocation, adequate communication channels, well-established control mechanisms, excellent feedback capabilities and responsiveness to clients. An analysis of these factors shows that project managerial efficiency is vital for the successful execution of a project. For the project management to be efficient, it is crucial for the project manager to establish that these factors are either strategic or tactical. Subsequently, find a middle point that empowers him/her to be both an ingenious strategist and an adept tactician. The strategic factors; clearly defined objectives and executive management support drive and shape the tactical factors; client consultation, sufficient resource allotment, sufficient
2. 2 PROJECT COST MANAGEMENT Cost performance on a construction project remains one of the main measures of the success of a construction project (Atkinson, 1999; Chan and Chan, 2004). Several reasons are vital for consistent cost estimating for example – budgeting purposes, loan applications if necessary, for estimating commercial feasibility or viability of the project. Cost management could be defined (include, consist of) as process of planning, interpretation, detailing, directing, agreement, cost control and evaluation of the construction during its preparation and constructing phases. This process is going on from throughout the building planning, projection and design, construction phases of a project until the final account is
Retailers are expected to be fast, flexible, and high standard in delivery of goods and services. The operation strategy has the abilities to proceed in time to respond the demand of customers and customers should be satisfied. Planning is important before taking an important decision before taking coercive measures. The availability of materials an resources should always be available as unexpected demand can be arise, by using a planning demand will create responsiveness and cut
The scope of the systematic and successful in bringing to deliver quality products is the cost of an agreed and specified in the schedule to stake-holders. (Mirza, MN et al., 2013). Time management can define as ability in planning and complete the project on time. The time management process need deal with the activities defining, estimating the duration of activities, the schedule of activities and ensure compliance to the schedule. Time management is an essential part of any successful project.
Introduction and Objectives of the study Risk management is recognized as an important exercise in order to achieve better performance of construction projects. Success in construction project is indicated by its performance in the achievement of project time, cost, quality, safety and environmental sustainability objectives. Construction projects in L & T and generally in the region and the world run a high risk of being well over budget and significantly late. My clear objectives of this research are: The general objective is to determine the effect of project planning risk management practices on construction project performance in L & T. 1. To identify the level of importance attached to risk identification practices during planning stage
It will show the best ways of planning and managing the site. It will enable to the contractors the ways of maximizing the resource efficiency through procurement of labor, material and equipment. It will help the contractors to implement various operation s through proper coordination and control of planning, design, contracting and construction in the entire process. 7. RESEARCH METHODOLOGY 7.1.