Understanding Effective Project Management for Building Design and Construction is Essential in the Real Estate Market

By: Christina Hoehn, M.Ed., Assoc. AIA, A4LE

According to the Project Management Institute, “project management is the application of knowledge, skills, tools, and techniques to a broad range of activities to meet the requirements of a particular project.” There are five phases of project management: project charter; scope and budget; status and tracking; objectives; a project closeout. If the lifecycle provides a high-level view of the project, the phases are the roadmap to accomplishing it.

Many of your owners will want to enter into contracts with designers and builders to remodel a current property or build a new one. Understanding how to work with a Professional Project Manager is essential to project success.

Critical Responsibilities of the Project Manager

  1. Planning
  2. Scheduling
  3. Coordination
  4. Communication
  5. Documentation
  6. Management
  7. Team Leadership

Project Planning

This phase is key to successful project management and focuses on developing a roadmap that everyone will follow. This phase typically begins with setting goals. Two of the more popular methods for setting goals are S.M.A.R.T. and CLEAR:

Photo Credit: PMI

S.M.A.R.T. Goals – This method helps ensure that the goals have been thoroughly vetted. It also provides a way to understand the implications of the goal-setting process clearly.

Specific – To set specific goals, answer the following questions: who, what, where, when, which, and why.
Measurable – Create criteria that you can use to measure the success of a goal.
Attainable – Identify the most important goals and what it will take to achieve them.
Realistic – You should be willing and able to work toward a particular goal.
Timely – Create a timeframe to achieve the goal.

Working with a professional project manager will ensure your success and that of the owners you represent