Construction project management is no longer about a small team managed by a supervisor and a project manager, all working at the same location. Modern-day construction projects involve multiple projects being undertaken at different locations. Managers and owners are not only focusing on the delivery side of things. They simultaneously need to collaborate with cross-functional teams within the company as well as deal with outsourcing service providers and suppliers. And the fact of the matter remains that the project managers and owners can not be present at all the locations all of the time. Having real-time information about simultaneous projects is the need of the hour. And efficiency is definitely the name of the game.
While project management has several challenges, we try to discuss a few of them in this article.
Estimation is the key to a successful project. It will not only avoid cost and time overruns, it also ensures efficiency in the overall project. Accurate estimates for time forecasting and resource utilization for the project’s guarantee to achieve profitable ROI. Realtraker is a construction management software provided by V-Plan Inc, a leading provider of IT-enabled estimation services and SaaS for construction. It features project management modules that definitely save complex projects from breaking their budget and miss delivery deadlines.
Realtime project updates are the biggest communication challenge for competent construction management. Any miscommunication can cause unexpected cost and time overruns, leading to improper project co-ordination. With Realtraker, project managers can readily have accurate cloud-based real-time updates. The in-app team chat feature comes handy for follow-ups. It also features an in-app email and quote request functionality. Accurate and timely communication is essential to the success of the project
Documentation is a key component of handling projects. Documents are like blood flowing in veins of the body. Documents like forms for submittals, RFIs, change orders, material submittals, etc flow smoothly across project channels for the proper functioning of the project. Document management can be done digitally with the RealTraker app.
Planning and organization of construction projects can face roadblocks while working with remote workers and outsourcing service providers. Processes of preparing tasks, delegation, and schedule planning ensure that project runs smoothly. Capacity planning, resource planning, coordination, collaboration, workflow planning are the components that owners and managers have to take care of. RealTraker readily handles resource and contact management by creating contacts, subcontractors, vendors as well as equipment and machinery databases. These entities and components can be easily assigned to projects.
Schedule management involves identifying the time period each project component consumes to contribute to project completion. It also helps in identifying the key processes that are critical to successful project completion. Project managers need to lay extra focus on these critical processes to ensure quality delivery. Gantt charts and schedule interruptions are recorded and tracked individually on the Realtraker app. Inaccurate billing for inactive projects (projects on hold) may entail tax implications. Realtraker makes it easy to manage such situations. Moreover, cashflow management including revenue and expenses forecasting for the project can be performed within the app. Generate cash flow charts and manage projects with well informed, analysis-backed decisions. You can view the charts as line, histogram, and a curved line. The best feature of the app is that you can perform risk mitigation for each of your projects, hence avoid delays and cost overruns.
All this can be done at a minimal cost, check out the website