Project management - Real estate Industry

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The construction/ real estate industry is a massive and gigantic business with a budget ranging from millions to trillions of dollars. Construction/ Real estate project management is the specialized skills and techniques used by the project manager to manage the contractors and sub-contractors, supervise the planning, design, and construction of a project from beginning to end with multiple phases of the project lifecycle.

Project management in the construction industry brings great value to all stakeholders. A construction/real estate project manager must possess excellent soft skills along with organizational, communication, leadership, risk management skills, and a deep knowledge and experience in the building process.

There is a great deal of increase in the importance of PMP training in the construction/real estate industry as it helps the construction/real estate project manager to complete the project within budget, on time with minimal financial and legal implications.

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PMP training for the construction/real estate industry also contains the ten knowledge areas given by PMI, USA, which makes you a construction/real estate project manager who is an expert to deliver projects successfully with governance and customer satisfaction. . The Core Knowledge areas are:

  1. Project Integration Management:  For effective co-ordination between various project elements
  2. Project Scope Management : To ensure only the required work is included
  3. Project Schedule Management :  To manage the project duration and milestones
  4. Project Cost Management :  To identify the resources and keep the budget under control
  5. Project Quality Management : To ensure that all the Quality requirements are met
  6. Project Human Resource Management :  To develop and employ the project professional effectively and keep them motivated
  7. Project Communication Management :  To manage internal and external communications with efficiency
  8. Project Risk Management : To identify, analyse, and mitigate the potential risk
  9. Project Procurement Management :  To obtain resources and manage contracts
  10. Project Stakeholder Management :  To identify individual, people, groups and organizations that would impact or are impacted by the project

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  • Dr. Preeti Adhav
  • Dr. Preeti has over 24 years of professional experience and is an alumnus of IIM-Bangalore. She is a PMP and ACP certified professional from Project Management Institute, USA, President : India - Northern USA Bilateral Business Council WICCI. Dr Preeti is a serial entrepreneur. Prior to founding Monks- Learning Lab she has been the co-founder of Usha Diagnostics, a state of art Medical Imaging center at Mumbai, India. She has varied and rich experience in Learning and Development and is a trainer affiliated with MSME (Ministry of Small and Medium Enterprises- Govt of India) & IIM Bangalore.

  • N. Srinivasa
  • Founder- CEO : My Home My Design

    25 + years of Project Management experience in the field of construction , well versed with ISO standards for Quality, Environmental, and OSHAS.  Construction Audits, Observations, Checking and improvements for many reputed companies, Manufacturing units, Contractors, Builders, Developers and for all types of construction materials.

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