UBS can handle all aspects of the construction project management yet this is very much dependent on the basis of instructions from our customers. Regardless of the basis on which we are instructed, our customers will enjoy the assurance of standardised project management, which will follow this process:
1. Project Initiation
Once everything is decided, a project initiation document (PID) is created. The project initiation document provides the groundwork for the construction plan and is one of the most vital artefacts in project management.
2. Planning Phase
The project planning stage is where the team singles out all the work to be done. It’s an ongoing activity almost to the end of the project. The main priority, during the planning phase, is to plan time, costs and resources for the project. Based on those requirements the team is developing the strategy that has to be followed. This is also known as scope management, where the deliverables are locked down to stop scope creep and ensure that we hit your planned deliverables in a timely and efficient manner. Another important document that has to be prepared is a work breakdown structure (WBS). This is a checklist that divides all the necessary work into smaller more functional categories and works are planned into the schedule. As soon as the labour and materials budgets, schedule and work have been defined the project is almost ready to begin. The next step of this really important process is risk management. At this point, the team will examine all the potential threats for the project and come up with solid solutions to mitigate these risks. Finally, a communication plan is created to establish an efficient information flow between the project stakeholders.
3. Execution Phase
In the execution phase, the construction project management plan is put to work. As a rule, this phase is divided in two main processes: the executing and the monitoring and controlling. The project team makes sure that the required tasks are being performed. At the same time, progress is monitored and changes are being made accordingly. As a matter of fact, a project manager spends most of the time in the step of monitoring and depending on the information that the project manager gets redirects the tasks to maintain the control of the project.
4. Closing Phase (Closure)
The final stage of the project represents its official completion. The project manager is evaluating what went well and refers to any remedial works that need to be completed, ensuring that the customer understands how to operate that which will be handed over to them. In the end, the team conducts a project report, and hands over the project to the customer.
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