This website uses cookies to ensure you have the best experience. Learn more

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,...

Find Another Essay On Construction Project Management and Business Management

Application of Linear Techniques to Project Plan and Scheduling for Highway Construction

2456 words - 10 pages . Budget control, resource allocation and consequential impacts are some of the important factors that a scheduler needs to keep in mind while planning a highway construction project. Today, highway constructors need sophisticated project management tools to achieve their project goals on time. Project scheduling has tremendously helped constructors building construction for the past 20 to 30 years. However, traditional scheduling techniques used

Use of Project Management Software in Business

1278 words - 5 pages Use of Project Management Software in Business Project Management is using the concepts of information technology in businesses to meet the requirements of a particular project. It depends on the process it needs to take to implement a project. The application of knowledge, skills, and tools and techniques is needed ( There are 3 main phases of project management, they are planning, scheduling and

Agriculture Business and Management

1024 words - 4 pages The career that I want to major in is Agriculture Business and management. The reason why I want to major in Agriculture Business is because agriculture is an important aspect of every society for its social, economic, and environmental growth. I first heard of this career from my agriculture advisors, at Westminster High School’s farm, when I was being shown a list of jobs and careers that involved agriculture. I was interested in this career

Business Management and Leadership

1825 words - 7 pages business running smoothly as possible. Effective managers must be able to lead necessary organizational and cultural changes that are likely to take place in today's rapidly changing environment with dynamic improvements through emerging technologies and the impact of globalization. At Frito Lay, they have a "win win" leadership team and management. The success of Frito Lay is a tribute to two entrepreneurs' dreams. It all began in 1932, C.E. Doolin

Business Management and Leadership

2114 words - 8 pages 1. 1. What was the logic of acquiring several companies over a short period of time?2. The industry is being changed by dozens of smaller companies. Knowing the company's current goals gives managers a basis for deciding whether those goals need to be changed. How do we see the future?Strategic planning is the answer to at least four questions: How Do Our Customers/Clients See Us? How Do We See Ourselves and the Business Environment?, How Do We

Business Management and Leadership

1370 words - 5 pages windows for a shared clipboard, notes and a chalkboard. Some desktop videoconferencing systems also offer real-time application sharing. Application sharing significantly increases the benefits of videoconferencing by facilitating interaction that inherently reduces project through put time.Videoconferencing is the process of using appropriate hardware and software to conduct a conference between groups of people, not physically located, in the

Project Management

1172 words - 5 pages primarily used for many large and complex research and development projects, the basic phases of the project life cycle and their purposes, and the importance for organizations to use project management to accomplish tasks.A project has been defined as "a temporary endeavor undertaken to create a unique product or service." (Mantel & Meredith, 2006). In business today there are many types of projects with endless possibilities. A project can

Project Management

1051 words - 5 pages project's schedule of events. Project management in industries that drive business such as software, aeronautics and construction, is especially important since they provide devices and services needed to keep other businesses in full operation on a daily basis, and also the in the political sector project management is what drives the United States, the president, congress, house and senate must utilized project management to ensure health care and

Project and Procurement Management Relationship

1003 words - 4 pages Every stage in the project management life cycle involves some form of procurement, whether it be identifying potential sources of products or servicers during the initiation phase or preparing final payment at the closure of a project. Every project is dependent upon the goods and services acquired through the procurement process, thus, needs to be effectively managed and understood by project managers. This paper will discuss a news article

project management

1769 words - 8 pages Schedule The schedule is sectioned into four different sections. Perliminary work, contractural work, construction of variation of route, and test trial. The project starts on the 5 may and will last for 1 years. This is done so no time is wasted and everything is kept up to date. See Appendix 3 for full Gantt chart. 3.2.4 Risk The risk management plan is the process of deciding how the risk management activities are going to be conducted

Project Management

2385 words - 10 pages : 10.1016/j.ijproman.2011.06.004Gudarzi, G., & Chegin, M. (2011). Using direction finder to evaluate project leadership dimensions case study: Iranian project managers. Interdisciplinary Journal of Contemporary Research in Business, 2(12), 966-985.Hartley, S. (2009). Project Management: Principles, Processes and Practice,(2nd ed). NSW, Australia: Pearson Education Australia.Iacovou, C. L., Thompson, R. L., & Smith, H. J. (2009). Selective status

Similar Essays

Building Organizational Project Management Capability: Learning From Engineering And Construction

4193 words - 17 pages OVERVIEWConstruction is the industry that is widely accepted to have the most mature project management processes. IT project managers envy the accuracy with which their construction colleagues can estimate and predict progress on a building. They borrow their tools and techniques but struggle to emulate their results. They fall back on the conviction that "it's different in our industry." Thus, they resign themselves to continuing levels of

Project Management Issues In Construction Sites Environment

2802 words - 11 pages Abstract The main purpose of this research is to investigate project management issues in construction sites environment, to recognize which issues are more vital for overall success of any construction project or vice versa and to suggest recommendations for improvement of the performance of all the parties involved in the construction projects. The study is mainly focused on Pakistan, a developing country in South Asia and the research

Fast Track Project Management For A Construction Project

590 words - 2 pages Fast track construction is a project delivery system which compresses the design tender construct process into overlapping design and construct phases. The former can be identified as a traditional lump sum tender where plans and specification s are completed then put out to tender. Contractors bid the prject exactly as it is designed with the lowest bidder awarded the work. It is a linear process where one task follows the completion of another

What Is Project Management In The Construction Process?

1842 words - 8 pages Foundation and Practitioner. The use of PRINCE2 within a construction project enables it to have: • A controlled and organised start, middle and end • Regular reviews of progress against plan and against the Business Case • Flexible decision points • Automatic management control of any deviations from the plan • Involvement of management and stakeholders at the right time and place during the project the necessary controls and breakpoints to work