Construction management is an exciting and interesting area to master as you work toward your MBA degree online. From breaking ground to ribbon-cutting, a construction project’s life cycle is incredibly complex. Get just a glimpse of the defined and structured construction management process below.
From Breaking Ground to Ribbon-Cutting: Construction Management in Action
Construction management involves several important steps and requires a defined and structured process, which includes multiple phases. These phases include the construction project’s lifecycle, the management process, and an outline of key project constraints. Finally, every construction management process needs a tool for making decisions based on stakeholder values, performance metrics, established procedures, and project goals.
Conception and Viability
During this phase, the construction or the next phase of an existing project is set up. Financing is sourced. Objectives are established and defined. The scope is defined. Responsibilities are defined and deliverables are identified.
Defining and Designing
The defining phase is when the construction management and project management team decides on the best course of action to meet the project objectives. When defining the project, it is important to consider two types of processes: core planning processes and facilitating processes. The scope of the project is further defined and a process is set up to manage it. Costs must also be defined, measured, and analyzed many different ways.
Bidding - Contracting
Project bids consist of proposals to clients for project completion. It also may involve several rounds of negotiation to firm up the bid.
Execution involves coordinating resources, both human and other, to carry out everything that’s been designed in the designing phase and planned during the planning phase of the project. The execution is divided into core and facilitating subgroups for completion.
Delivering and Cleanup
Initial delivery: The project is delivered to the client for an initial review.
Final delivery: Once the client is satisfied, final delivery is made and the project can be closed out.
Contract closeout: This is where any remaining open items are resolved and the contract is settled, including final payments.
Administrative closeout: This is where information is gathered to formalize the completion of the construction project, including compiling feedback for use in future projects.
As the nation’s oldest private military college, Norwich University has been a leader in innovative education since 1819. Through its online programs, Norwich delivers relevant and applicable curricula that allow its students to hone sought-after knowledge and skills.
Norwich University’s online Master of Business Administration (MBA) program helps create strong leaders well-versed in business management practices. Students can customize their MBA by choosing a concentration in construction management, finance, organizational leadership, project management, supply chain management & logistics, or energy management.