Project management is a carefully planned and organized effort to accomplish a specific (and usually) one-time objective, for example, construct a building or implement a major new computer system. Project management includes developing a project plan, which includes defining and confirming the project goals and objectives, identifying tasks and how goals will be achieved, quantifying the resources needed, and determining budgets and timelines for completion. It also includes managing the implementation of the project plan, along with operating regular 'controls' to ensure that there is accurate and objective information on 'performance' relative to the plan, and the mechanisms to implement recovery actions where necessary. Projects usually follow major phases or stages, including feasibility, definition, project planning, implementation, evaluation and support/maintenance.
Project Management in construction can differ from projects to projects. Like if a construction is need to be done for a theme park than a team of creative people is needed, if a project is related to the building some mall than the team of project management will have more of civil engineers. But today every company manages projects with some specialization. Like a construction company can specialize only in building bungalow, sky capers, Malls, theatres, parks etc.
Construction project management team can also hire people from abroad if the need exist because only particular talented people can do that work. So the people who are hired are nothing but the resources but while hiring it is to be seen that they will add value to the project in a very efficient way. Construction project management team just needs to see the demand of client and work accordingly but by putting some suggestion and ideas, which will benefit company as well as client.
Brunel University London provides a range of masters courses in finance including MSc Finance and Accounting and MSc Finance and Investment.
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