Outside of construction work, property as an industry has generally been slow to adopt formal project management methods and techniques. Although inroads in this regard are being made in property development projects, the acquisition of property assets of any nature is almost never perceived as a “project” in the technical sense of the word. Instead, property acquisition is treated as a transaction best handled exclusively by lawyers and other legal personnel, and for which no project management skills or knowledge are required.
The greatest challenge presented to a project manager on an acquisition project may very well be how to avoid being ignored. Since success is the best guarantor of being taken seriously, the project manager needs to deliver measurable project value. Baselines should be created and actuals frequently monitored against them. Schedules should not simply be adhered to, but efforts also made to optimize those schedules. Budgets must be scrutinized not only for the purpose of saving costs, but also with an eye to recognizing those instances in which application of additional resources (financial or other) will produce exponentially greater value.
Furthermore, the project manager should insure that project progress on these and other subjects are regularly and appropriately communicated to management, the client, the project sponsor and other stakeholders. A good communication management plan is an essential tool.
Project management embraces various parties / people, procedures, practices and processes. In property development, project management is used to ensure the development project is completed on time, within cost budget, in accordance with quality and design requirements, and in compliance with relevant laws and regulations.
WHAT YOU WILL LEARN
The course consists of 24 hours of instruction taught in a three-day program, including lecture and hands-on exercises.
All Participants will get: