Project and Cost Management

Project and Cost Management

Project and Cost

Given the increasing complexity of projects and the requirement for multiple professionals including architects, engineers, quantity surveyors and those involved in planning, fire safety and health and safety, having a Chartered Project Manager as the primary interface will ensure that the full project lifecycle is professionally managed.

Furthermore, the changing legal and regulatory landscape has meant that it is more important than ever to ensure that all legal requirements and building standards are fully adhered to. A Chartered Project Manager will have a detailed understanding and expertise of this area and they will help provide the client with increased certainty that the project can be completed on time and within budget.

The main purpose of appointing a PM is to  add value to the building project in terms of design, cost and value as they have access to tools, techniques, research and published data developed by professionals for implementation on your projects.

If you require more information on chartered project managers and how to appoint one, please refer to Find an Expert and our guide on project management: Chartered Project Managers 

Benefits of using a Chartered Project Manager

  • Chartered Project Managers will provide the client with increased certainty that the project can be completed on time and within budget.
  • Chartered Project Managers will add value to the building project in terms of design, cost and value as they have access to tools, techniques, research and published data developed by professionals for implementation on your projects.
  • Chartered Project Managers can provide evidence of professional competence in Project Management to international standards and operate under professional codes of conduct.
  • Chartered Project Managers are regulated and have Professional Indemnity Insurance to protect the client.

Frequently Asked Questions

Chartered Project Managers are experienced construction professionals who act as the client's representative and 'single point of contact' on a construction project.

 

Construction and development projects involve the co-ordinated actions of many different professionals and specialists to achieve defined objectives. The task of project management is to bring professionals and specialists into the project team at the right time to enable them to make their best possible contribution.

 

The Project Manager leads, directs, controls, motivates, co-ordinates, supervises and provides strong insight to the project lifecycle in association with the project team. The Project Manager can assist the client in putting together a business case to meet the client’s expectations and aspirations for the project.

 

The knowledge areas of a Project Manager encompass a full understanding of Integration, Scope, Cost, Quality Assurance, Document Management Systems, Business Case Appraisal, Stakeholder Management, Benchmarking, Due Diligence, Health & Safety, Value Management, Brief Definition, Programming, Scheduling, Reporting, HR, Public Relations, Communication and Risk and Procurement Management Processes.

 

Project Managers liaise with statutory agencies and act as the client’s representative when dealing with external regulatory organisations to facilitate the smooth running of the construction project to its successful conclusion.

It is the Project Manager’s role to carry out the overall strategic planning, co-ordination and control of a project from inception to completion aimed at meeting a client’s requirement in order to produce a functionally and financially viable project that will be completed on time within authorised cost and to the required quality standards. Project stages typically consist of: Feasibility, Design, Tender, Construction, Handover and Project Closure. The Project Manager coordinates and manages each of these stages on behalf of the client.

 

The role of a Project Manager in the construction industry is sometimes fulfilled by people working in other occupations. Many of these may not have undertaken any formal training in the area of Project Management or have been through a formal process or procedure to assess particular professional competence in Project Management.

 

The public can be assured that Chartered Project Managers have the required formal qualifications, experience and internationally recognised accreditations and that they comply with building standards and public procurement standards.

Project Management

The primary role of the Chartered Project Manager is to be the ‘single point of contact’ with the design team, contractors and third parties on behalf of the client. They are responsible for managing the project lifecycle which includes the coordination of areas including reporting, programming, scheduling, project team assembly, appointments, fees cash-flow, approval of payments and end of project reviews. The Project Manager will ensure that all of the third parties work to schedule to ensure completion of a functionally and financially viable project that will be completed on time within authorised cost and to the required quality standards.

 

Planning and cost estimating

A Chartered Project Manager will oversee the planning and coordination of the project through its lifecycle.

The Project Manager will provide an insight into resource planning and cost estimation, which will ensure that the client will obtain maximum value for money on their project.

 

Procurement & Tendering

A large part of the role of the Chartered Project Manager is to negotiate with external suppliers, agencies and professionals involved in the project implementation.

A Chartered Project Manager will develop and implement the procurement strategy appropriate for the project. A vital phase involves the preparation of tender documentations and analysis of the returned tenders. The Project Manager will also manage the negotiations and ongoing relationship with the successful tenderer.

 

Project Implementation

Chartered Project Managers are experienced professionals in terms of
project implementation.
The Project Manager will oversee all aspects of the project lifecycle ensuring its success.

Find a Chartered Project Manager

Finding the right professional is key to making sure a project is managed correctly and stays on budget. Trust your project to a chartered project manager.

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