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Construction Project Management And Business Management

914 words - 4 pages

Construction Project Management and Business Management

Over the past few years, the construction industry has been changing dramatically. One of the most important stages in the construction management and business management is the planning phase. They share similar two main levels of planning which are the strategic and operational planning. However, business management planning to decide in advance what should be done, and how to do it, when you do and you are done. On the other hand, Construction management strategic planning is to deal with selection on a high level of overall objective of the project, including the scope, procurement methods, schedules and financing options but the planning of operations, including the establishment of the method statement for each activity. Business management planning bridges the gap from where we are where we want to go. It makes it possible for any operation to occur. What is more, is the planning at both strategic and operational levels of the construction project uses various tools and techniques to help achieve the best blueprint for improvement of the participation decision which do not applied in the business management.

Contraction project management might be defined as overall planning, coordination and control of the project from beginning to end, designed to meet customer requirements for the production of a functional and viable financial project, which will be completed on time, within cost and authorized for the required quality standards (Fewings, 2010). However, according to Walker (2007) construction project management defined as “the planning, co-ordination and control of a project from conception to completion (including commissioning) on behalf of a client requiring the identification of the establishment of relationships between resources, integrating, monitoring and controlling the contributors to the project and their output, and evaluating and selecting alternatives in project outcome” .On the other hand, the business management defined as the art or skill of directing the activities of human and material resources to achieve predetermined objectives (Govimdarjan and Natarajan, 2008). In addition, management according to Cole (2008) is achievement of the objectives through to the five basic administrative functions (planning, organizing, staffing, directing and controlling).

Construction management and business management share similarity elements of planning such as, goals, policies, rules and procedures. Nevertheless, they differ in the chart when the standard is the time. Planning for the construction management regard only to the period required to complete a construction project. However, business management planning can be divided into long-term planning and short-term which aims to give a clear picture of business for the future.

The stages of the construction project management differ from the stage of business management, in several respects. For example,...

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