You need to have efficient project management in order to ensure that the resources, costs, tasks of the project are coordinated properly. There are many stakeholders when it comes to a construction project and not having proper management can cause issues when it comes to costs, quality and timelines.
One of the main issues you will run into with poor project management will be cost overruns.
There has to be effective budgeting from the beginning. The costs should be controlled and the expenses need to be carefully monitored so that the financial viability of the project can be maintained. By hiring experienced Connect Project Management services, you will be able to achieve a successful project. But when it is not managed properly, you will run into unforeseen costs. There can be changes in scope as well which can lead to the cost going up significantly. Also, if resources have not been allocated properly, these will need to be purchased again in the middle of the project and in some cases, you will not be able to find the same materials or finishes; procuring what you need then becomes an issue and you will have to spend more to get the same resources. The materials and labour at site has to be managed properly otherwise the budget can easily be overrun.
When the budget overruns,
It will cause a strain on the finances of the project owner which can lead to issues such as disputes between stakeholders, damage to the reputation of the construction company and legal issues. In severe cases, the project can be abandoned because the project owner is not able to bear the financial burden of it. There can also be delays and missed deadlines with poor project management. There are strict timelines for construction projects but if the tasks are not planned properly or if resources are not allocated sufficiently, there can be many disruptions to the timeline. One delay can lead to another and pretty soon, the project phases will be affected. These delays will cause frustration among the stakeholders and it will lead to the increase of labour and equipment costs.
It is the responsibility of
The project manager to maintain the quality of workmanship in the project. This requires frequent and thorough inspections along with choosing high quality durable materials. The materials also need to be installed correctly with an eye to detail. But when inspections are not carried out properly, there can be many mistakes that go unnoticed and these can cause delays later on when these issues need to be rectified. If something is installed incorrectly, it will have to be redone which can take even more time. If subpar materials are used, it will cause more issues such as weakening the structural integrity of the building or bringing down the overall aesthetics. Low quality work can lead to safety hazards and it can be very expensive to rework these as well. And this will affect the reputation of the construction company negatively.