Thank you for Subscribing to Construction Business Review Weekly Brief
Thank you for Subscribing to Construction Business Review Weekly Brief
By
Construction Business Review | Wednesday, June 29, 2022
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Undefined goals are the first and most usual construction project management challenge. But unfortunately, stakeholders sometimes don't know exactly what they want or can't agree on. It's like running on a road trip without knowing where you're going.
FREMONT, CA: By resolving issues in construction project management, project managers can keep a site running smoothly, safely, on time, and within budget. They must guarantee that everyone has everything they want to finish and deliver the construction project on time.
As per a recent study, 98% of construction projects go over budget, and 77% are delayed. However, the reasons for these delays differ depending on the project's working conditions.
The stakeholders, including property owners, lenders, suppliers, and subcontractors, have various aspects and interests that interfere with the project. In addition, the project manager also deals with government regulations and unfavorable weather conditions, causing additional delays.
Let's look at key project management problems facing the construction industry.
Lack of Well-Defined Goals
Undefined goals are the first and most general construction project management challenge. But unfortunately, stakeholders sometimes don't know exactly what they want or can't agree on.