What is Project Management?
Starting a new business should be exciting. Whether you want to be the first in your field, show off your special products, or provide a reliable service, it’s important that your vision is completed on time. In today’s age, tighter deadlines, scarcity of resources, and rapidly changing technology make managing your projects that much more difficult. That’s why organizational leaders like project managers are so important.
What is Project Management?
Project management is the application of processes, skills, knowledge, and experience to bring your business objectives to fruition. Project managers work within a set timeline and budget to hold the professionals accountable, so your business has the best chance of success.
What do Project Managers do?
From design to construction completion, project managers are your representative on the job site. Their interests align with yours and they will organize everything to make sure the outcome of each project meets your expectations.
Predictability is key in planning your new build or renovation. While you are off arranging big picture items for your business, project managers can handle the weight of many moving parts. Before you even begin your project they will ensure you have the right products delivered at the right time, optimize the use of trusted trades, and manage constraints like scope, quality, schedule, costs, and resources.
Once the project begins, it’s a daily shuffle to resolve problems, respond to risks, identify and recover failing projects, manage change, and satisfy stakeholder expectations. They are in constant communication with the contractors.
What Happens Without a Project Manager?
Poorly or unmanaged projects can lead to a lot of wasted time, which delays your business venture and costs you money. By using a team of organizational experts, you can prevent missed deadlines, cost overruns, poor quality products and rework.
Mistakes and missed deadlines could end up costing your company’s reputation, create unsatisfied shareholders and fail to meet project objectives.
Typical construction sites have delays and issues. If you don’t have a dedicated project manager checking in with milestones and making sure the trades complete work on time, there is nobody to hold them accountable. This increases the odds of errors and having to make costly change orders.
Why Should I Use a Project Manager?
While project management fees may seem like a costly expense, they allow you the opportunity to start earning revenues quicker, keep your full-time job, and have your project completed on-time and on budget.
Using project managers gives you the final say on your business, but none of the stress of finding trusted trades, high-quality products for the best price, and ensuring your build is designed efficiently and effectively.
They are your eyes and ears on the construction site, confirming people are working, trades are scheduled correctly, and products are delivered on time. When one trade runs late on their quoted time, the entire project needs to be rearranged to make up that time.
Every day a project is delayed you are paying contractors elevated rates, along with your lease and utilities — without receiving a profit. If a schedule is built correctly, you won’t have hidden costs or delays.
In the end, hiring a project management company can save you time, stress, and money.
If you’re looking for a boutique firm that cares about creating lasting relationships with its clients, use Iris Construction Management. Our team of highly skilled experts will help you meet your business objectives and make sure your projects are completed on time, so you can focus on the big picture.