3 things to keep track of when doing a construction project
Scope (features), time and cost – those are the three parameters you need to keep an eye on when doing a project. Time being the duration of the project, cost being budget required and scope being features of the end product. Simple right? Well not really. The three parameters form what is called the project management triangle when they interact.
Normally one of these factors is fixed and the other two will vary in inverse proportion to each other. For instance time is often fixed and the quality of the end product will depend on the cost or resources available. Similarly if you are working to a fixed level of quality then the cost of the project will largely be dependent upon the time available (if you have longer you can do it with fewer people).
So if the time set for project is turns out not to be enough the cost of a project will increase.
If the scope of a project is increased, cost and time probably will increase - which is usually the case and not necessarily a bad thing since before project commencements your goals might not have been perfectly defined. So if you had planned the floor finish to be grano and switch to floor tiles expect a rise in labour cost and material.
But what happens when perhaps two of the points are fixed? This is when it really gets interesting and bad. Normally this happens when costs are fixed and time is fixed i.e. there is a definite deadline for delivery. If scope then increases but time and cost are fixed, quality will drop. If scope is increased while time, cost and quality are mantained the project will simply run out of time or money or both.
Keeping track and balancing these three is a major juggling act. Which is why its usually a good idea to get your projects an experienced project manager. A project manager will optimise this relationship and adjust accordingly.
First the project manager makes sure that the project budget is adequate and makes sure the right materials are procured. From there the manager will optimise material usage to avoid wastages.
The project manager also prepares work schedules. These schedules outline each activity that’s to be done in the projects and allocates time accordingly. The manager then monitors the time aspect of the project accordingly
The project manager also does qualitative monitoring and evaluation during construction. This ensures that given specifications are met at each stage hence meeting the required quality while staying within the scope, time and cost.
All our projects at Buildfast are overseen by in-house experienced Project managers at no extra cost, to insure the best results for our clients.