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Risk analysis and management in construction -

   

Added on  2022-09-02

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Running head: ANALYSIS OF CONSTRUCTION MANAGEMENT
ANALYSIS OF CONSTRUCTION MANAGEMENT
Name of student
Name of university
Author’s note:
Risk analysis and management in construction -_1

ANALYSIS OF CONSTRUCTION MANAGEMENT
1
Question 2
It describes the main objectives and key processes of construction project management.
Description of the main objectives:
Some of the main objectives of the construction project management are the followings:
Define project scope: In construction projects, it is important to ensure that the scope
of the project is properly defined so that project team has comprehensive idea
regarding project requirements (Walker, 2015). Therefore, defining project scope and
communicate with project team is an important objective of construction project
management.
Ensure quality in design and construction: One of the main objectives of the
construction project is to provide quality design in building and ensure that it meets
client requirements (Fewings & Henjewele, 2019). The quality is not only about
ensuing quality in materials required for construction of the building, but to ensure
that is consistent with advanced design standard which are preferred in modern
construction projects.
Complete construction within provided time and budget: Another important objective
of construction project management is to complete project within provided time and
budget (Demirkesen & Ozorhon, 2017). Construction projects are often complex in
nature and therefore, it is often identified that either the project is delayed or the
budget is increased, which often affects the project success as well.
Ensure proper resource management: In construction project only availability of
resources is not enough for project success, it requires effective resource allocation as
well (Walker, 2015). Therefore, one objective of construction management is to
properly allocate available resources and ensure success in the project as well.
Risk analysis and management in construction -_2

ANALYSIS OF CONSTRUCTION MANAGEMENT
2
Identify stakeholder requirements and integrate that with project execution:
Construction projects like any projects require proper identification of stakeholder
requirements for managing stakeholders properly (Demirkesen & Ozorhon, 2017). If
stakeholder requirements are not properly identified and considered in project
execution, then it is not possible to ensure success in the project as stakeholder
satisfaction is an important requirement for identifying whether a project is successful
or not. Therefore, it is an important objective for the construction project
management.
Description of the key processes:
Some of the key process of construction project are the followings (Fewings & Henjewele,
2019)):
Project initiation: In this process project objectives and feasibility for the project is
identified which makes it one of the most important process of the construction
project management.
Project planning: In this process, it is identified what the required activities for
completing the project are according to the project scope and objectives as well.
Project execution: In this process, the activities identified in the project planning
process are executed through resource allocation.
Project closure: In this project the project is officially completed and the resources are
released after approval from all of the project stakeholders as well.
Influence of project manager on the total project time and cost: as a project manager, the
process, in which they will have the largest influence on the total project time and cost is
project execution.
Risk analysis and management in construction -_3

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