Construction project management is an incredibly complex and multi-faceted process that requires the coordination of hundreds of tasks, people, and resources all at once. It’s no surprise, then, that there are many different phases to the process that need to be understood in order for a successful project to be completed. In this guide, we'll go through each phases of construction business management, from pre-planning to completion and everything in between.
The construction project management process is divided into five phases: initiation, planning, execution, monitoring, and closing.
In the initiation phase, the project manager develops a preliminary understanding of the project scope and objectives. This phase also includes developing a project team and creating a communication plan.
During the planning phase, the project manager creates a detailed project schedule and budget. This phase also includes obtaining necessary approvals and permits, as well as conducting risk assessments.
The execution phase is when the actual work of the construction project takes place. The project manager is responsible for overseeing day-to-day operations and ensuring that the work is proceeding according to plan.
The monitoring phase is when the project manager keeps track of progress and makes sure that any issues are promptly addressed. This phase also includes quality control checks to ensure that the finished product meets all requirements.
Finally, in the closing phase, the project manager ties up loose ends, completes all documentation, and ensures that all payments have been made. Once all this is done, the construction project is officially complete!