Roughly 85% of construction projects tend to go over budget in some way. The project may go over the financial budget or over the planned time allotted. Most project managers have come to terms with this, because it happens so frequently. But that isn’t the way things have to go down. One of the major reasons projects fail is because the project manager was brought in late. Here’s how your construction project manager can help save money from beginning to end.
- The CPM needs to be involved in every stage of the project. It may seem strange to have the CPM involved in a meeting with the engineers, but it’s very important that they’re there. The construction project manager’s job is to look for ways to save money and time, and employ risk mitigation every step of the way.
- The CPM should always know what’s up. They should constantly monitor the data so they’re aware of what’s going on from every area of the project. Project management software should be set up in a fashion that allows the CPM to see what everyone is reporting at a glance.
- They should consider cold formed steel and other shortcuts that do not have a negative impact. Shortcuts are often considered bad because they reduce the build quality or otherwise carry a negative impact. The CPM should always be looking for ways to strengthen and improve the project.
- The CPM should know his or her own worth. They know how much their time is worth based on the hourly pay they receive. They know how many of their hours will go into a project based on the amount of pay they will receive.
- The CPM should be flexible in regards to materials and scheduling other tradesmen. Every project needs a plumber, electrician, and other tradesmen at some point before completion. The ability to schedule the best tradesmen at the right time is something every successful CPM understands.
Construction Management in Central Florida
Far too high of a percentage of construction projects go over budget in some way. If you’re in central Florida and considering embarking on a construction project in the near future, give us a call at 407-316-8544 during the initial planning phase. We’ll help make sure every phase is properly designed to ensure the best possible results.