Challenges and Solutions in Construction Project Management for Real Estate
Effective construction project management in real estate can only take place when some of the challenges mentioned are solved.
Cece Ndululu Usyu
Construction Project Management is a type of project management in real estate that focuses on the physical construction of real estate projects. Managers oversee the building process by coordinating with architects, contractors, and construction workers.
In the real estate sector, one of the greatest achievements for a construction manager is seeing the completion of a project that was once an idea, despite the challenges involved. Some of the challenges involved include:
1. Lack of Structure
A lack of clear goals can easily cause a construction project to fall behind or run over budget. Without a clear structure, it's always difficult to hold people accountable for their part in a project.
This challenge can be solved by setting clear objectives for the project and also having good performance management to keep everyone accountable by breaking down the project's goals into smaller, daily targets for everyone to accomplish.
Listen to the latest episode of the African Real Estate Podcast here: https://spotifyanchor-web.app.link/e/JhXC6KFViIb
2. Inadequate Risk Management
As a project manager, one faces different risk challenges when construction workers are on site. Proper management and planning help in the management of site accidents.
Some of the ways a construction manager can manage the risks are by involving workers in the safety plan measures, encouraging workers to report potential hazards on the construction site as well as any accidents that may have happened, and also creating a site-safety management plan based on the specific needs of a project.
3. Poor Communication
Poor communication between the stakeholders in a construction project can lead to poor project outcomes. Communication being a basic skill, it enables the project manager to run the project effectively. Lack of communication between the construction manager and workers causes them to fail to report any errors that may have occurred, leading to severe damage at the end of the construction project.
Good communication practices should be encouraged by allowing workers to express their views and worries and enlightening them on the importance and consequences of communication.
4. Unrealistic Expectations
Sometimes construction project managers get unrealistic expectations from clients and stakeholders, such as the completion of a big project within a short period or coming up with a low budget for a big project. This causes them to work under pressure or, at times, fail to accomplish the project.
The unrealistic expectations can be solved by allowing the managers to set goals that are realistic for them to manage the project effectively.
5. Budget Constraints
Delayed cash flow causes project managers to fail to accomplish their goals as planned earlier. This challenge causes delayed procurement of construction materials and delayed payment of construction workers.
Budget constraints can be solved by setting reasonable expectations for cost overruns and making adjustments to mitigate and manage them. A proper budget review helps the project stay on track.
In conclusion, effective construction project management in real estate can only take place when some of the challenges mentioned are solved.
If you have a real estate press release or any other information that you would like featured on the African Real Estate Blog Post, do reach out to us via email at [email protected]
