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