Project Management For Engineers & Architects
Project Management For Engineers & Architects
Management 102
“A Beginner’s guide for Aspiring
Construction Project Managers”
Industrial Construction Residential Construction
• Petroleum Refineries • Single – Family Homes
• Petrochemical Plants • Multi – unit Townhouses
• Synthetic Fuel Plants • High – Rise Apartments
• Nuclear Power Plants • Condominiums
• Steel Mills
• Heavy Manufacturing Plants
The main construction project manager responsibilities are overall project planning, distributing
resources, time management, risk management, creating benchmarks, managing the budget,
managing staff, and managing relationships with key stakeholders.
Key Factors in Construction Industry
Business Risk
Assessment
Financial Risk
Assessment
Industry Characteristics
• 10 Trillion USD employing 100 Million Globally
• Project Based and Every Project is Unique
• Largely Built On – Site
• Multiple Stakeholders with Changing Priorities
• Low Profitability – Profitability typically 5% or less
• Research & Development has not been a priority
• Conservative by Nature
Challenges & Opportunities
• Urbanization – 70% of the worlds population living in cities by 2050
• Population growing to 9 Billion by 2040
• Industry is ripe for transformation and disruption
• Technology has not yet made a significant impact on industry
methods and performance
• 56 Trillion USD investment required globally over next decade
Global Challenges
1 billion
Lack clean water
1.4 billion
Lack access to electricity
2.6 billion
Lack adequate sanitation
2.7 billion
Rely on biomass energy for cooking
The Future of Engineering and
Construction
Program Project and Construction Management Introduction
Valuing Relationships