As a design-build company, our mission is to ensure that our projects are effectively on-time and on-budget. But there are many factors that can contribute to cost overruns during project delivery.
Here are the Top 5 issues that our experienced Project Managers solve to make sure that our projects are always delivered as promised:
1. Inaccurate Project Estimates
What are some reasons for inaccurate project estimates?
- Mathematical errors and miscalculations
- Vague specifications for plans, drawings, and scope
- Inexperienced estimators, lack of knowledge by contractors
2. Poor Site Management
According to KPMG’s 2015 Global Construction Survey, people wish for more contractor collaboration. This makes it necessary to have a good PM, to maintain and nurture contractor relationships while keeping the client’s best interest in mind.
3. Changes in Scope, and Delays in Schedule
The best way to prevent project changes is to plan and address potential issues at the beginning of the project. Our project managers are able to reduce the need for project changes by identifying problem areas in advance.
Changes in scope are extra requirements from the client. These are costly and generally delay the construction schedule further than planned. These changes should be addressed in the construction agreement document.
4. Lack of Project Management Experience
Hiring an inexperienced project manager may lead to poor budget planning and delayed or missed deadlines. Ideally, your project will have various project managers working together. This is especially valuable in the planning phase because if done right it will save money and time.
5. Poor Communication
In short, having an experienced project manager can provide you more value than saving time and money. They can anticipate the problem areas well in advance and give you peace of mind that your project is in good hands.