Project Management modules, which were once seen as an essential element in the Real Estate & Infrastructure industry, have now become a tactical advantage for businesses looking to stay ahead of the competition by quickly responding to the market shifts and increasing the organization’s proficiency. This blog focuses on effective planning modules, monitoring methodology & controlling techniques. Our structural engineers in Chennai incorporate all of these concepts for the successful completion of a project.
Reason for project failures
Just a small percentage of building projects are balanced in terms of quality, delivery, and cost while a majority of the projects failed to live up to the expected threshold in the aforementioned aspects.
The inefficient and improper administration of the project schedule will increase the forecasted project expense which forces compromise in the quality of the project. Any project will flourish if these three important components are addressed.
Project Management Module
1 – Scope Management
Scope Management is a set of procedures that ensures the project goal, sequence of tasks to be conducted, list of deliverables with deadlines and budgets, at the stage of planning. It also specifies persons who are the point of contact for individual tasks in handling the project and provides direction for monitoring and regulating the scope within which all must function. Defining the right scope at the initial stage makes the way easier for the project teams to stay on track and manage the outputs within the deadlines.
Because of this, Jacob Engineers gain a clear perspective about the projects and hand over with quality outputs on time and every time. This practice has transformed us into one of the best structural engineering companies in Chennai.
2 – Scope Statement
The project scope statement specifies the requirements of the project, assumptions, and acceptance criteria.
It allows planning in greater depth, leads the team’s work during execution, and serves as a benchmark for determining if proposals for adjustments are incorporated within or beyond the project’s parameters. The Scope statement acts as a tool to measure efficiency and as a guideline to refer back.
3 – Time Control Module
The initial stage in developing the Time Control Module is to decide on the project’s timeframe, after which a Master Plan will be created. The documentation would only provide the provisional duration for each activity.
If no roles and responsibilities are designated to the tasks under consideration, this Master Schedule will be pointless.
4 – Cost Control Module
Cost control is based on a projected cost that defines the budget allocation. The cost estimate includes all contractual details and a clear-cut strategy to optimize the cost. It is very important because providing services at an economical rate determines competitiveness.
The cost control module is generally prepared for:
- M – Material
- L – Labor
- E – Equipment
- S – Subcontract
- G – General Expenses
The process of cost controlling
The project manager maintains the budget and the forecasted cost for the ongoing project. Any expense will be compared against the budget, and the concerned department will address any deviation. The project manager will also determine if there is any significant progress and adequate performance within the project’s scope.
Project management is a challenging discipline to master, owing to the systems in place that it is bound by. It is essential to simplify the job by moving to shorter construction processes using this module.
Another critical aspect of project success is tracking the development of the project. A robust monitoring system can assess the project’s performance and resolve any challenges in keeping the project on track. It can also help with the project’s quality and expense control.
Jacob Engineers is one of the top structural engineering companies in Chennai because of its competent project management ability. Get in touch with us today!