Addressing challenges in project management in building projects

Discover how project teams can mitigate challenges in construction project management.

Why is it important to address project challenges?

In building projects, the likelihood of meeting project deadlines and staying within budget largely depends on effective project planning. It’s vital for project managers to identify potential issues such as scope changes, communication barriers, or cost overruns that could hinder the completion of the building projects.

Studies reveal that inadequate project management practices can lead to costly outcomes. US companies lose US$122 million per billion invested annually due to project management failures, with 50% of companies failing to meet a final project goal due to improper project management at some point.

To enhance project planning and other project management aspects, construction businesses should consider investing in project management software. In fact, 77% of high-performing projects are attributed to the use of project management software.

Let’s delve into the benefits of investing in construction project management software and how its features can help tackle project management challenges.

Benefits of leveraging software for project management in building projects

Planned value

Real-time collaboration

With the ability to access project management resources anytime and anywhere, users can stay updated with any changes or updates to a construction project. Real-time communication and collaboration among team members can bridge communication gaps, which can boost the project team’s efficiency and productivity, in turn, improving project success.

Issue tracking and resolution

Before starting a project, it’s crucial to identify any potential issues that could disrupt the project flow. Issue tracking and resolution features in this software aid in identifying and addressing challenges as they emerge. Project managers can assign the appropriate manpower and corrective actions to prevent issues from escalating.

Issue tracking and resolution
Minimise risks

Risk management

Identifying and mitigating potential risks before starting a construction project is of paramount importance. Many construction project management tools include features for risk identification, assessment, and mitigation. This systematic approach to managing and minimising risks can help tackle challenges associated with project uncertainties.

Resource allocation

Effective resource allocation is essential before starting a project. Project management software often includes resource management features that assist in efficiently allocating resources. This can help tackle challenges related to resource constraints, preventing overallocation and ensuring optimal utilisation of available resources.

Better cost and schedule control

Collaborate with Compass Consult for optimised project outcomes

At Compass Consult, we’re dedicated to assisting project teams in managing their portfolio of construction projects to optimise outcomes through construction programme management consulting. With our support, we enable project teams to do proper planning, execution, and strategic management at every stage of each project ensuring a seamless project lifecycle and satisfaction for all stakeholders.

Contact Compass Consult today for ongoing support to enhance your programme management capabilities

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Frequently Asked Questions

What are common challenges associated with project management in building projects?

Common challenges include budget overruns, delays, resource constraints, scope changes, communication gaps, risk management, and maintaining quality standards.

When it comes to project management in building projects, how can project managers ensure quality standards are maintained?

Project managers should establish clear quality criteria, conduct regular inspections and audits, ensure compliance with industry standards and regulations, and foster a culture of quality within the project team.

What role does technology play in overcoming project challenges in building projects?

Technology, including project management software, plays a crucial role in overcoming challenges by providing tools for communication, collaboration, document management, real-time tracking, and automation, ultimately improving overall project efficiency.

Looking to enhance your project management capabilities? Contact Compass Consult today.

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