The five steps to a successful construction project

One of the fundamental parts in a construction company it is project management; however, many firms do not consider this relevant part, which prevents them from completing their works successfully, both in terms of time, cost and quality.

According to the firm ESCALA, dedicated to the management of real estate projects, it is estimated that currently 30% of the works fail due to bad or erroneous budget planning.

“He is the consultant who evaluates, plans and adjusts each project, so that its closure is met in cost, time and quality,” said Pedro Valdés, general director of ESCALA, highlighting the importance of project management within a real estate company. .

For the signature it is essential that each work of building dedicated to real estate have a Project Management, or project management, since it is estimated that both design planning and organization of resources make seven out of 10 projects finish on time, with optimized costs and, especially, with the required quality.

In this context, the firm made a guide of the five reasons to apply a Project Management in the building:

• Alignment of expectations. On different occasions, the client’s expectations are aligned with the project strategy, so project management becomes the point to meet these purposes and correct the path in case of a change in strategy, in order to avoid losses. .
• Risk control. Any project is prone to difficulties, so project management can anticipate any risk, or if necessary act in case of any eventuality.
• Anticipate mistakes. The person in charge of project management is in charge of guiding and verifying that a work is carried out efficiently, as well as minimizing the obstacles that stand in the way or solving any problem that may arise at any time during the project.
• Full planning. The budget is fundamental for the development of a work, so having a planning in this regard helps to organize and define the necessary resources, as well as the number of people needed to carry it out. Good planning in this regard allows standardizing processes, meeting objectives, predicting results, optimizing risk management, improving response and execution time, which is projected in cost savings and ease of solving project needs.
• QA. Project management is also responsible for having the right people in the right positions, which has an impact on good project quality. “Project Management increases the chances of success in the promised period of time by 70% and reduces errors.”

For ESCALA, Project Management is an added value that can give a plus to the construction projecthaving the intention of improving productivity and quality of work, as well as seeking to keep the work team and the client together.