Information technology has conquered the whole world and every niche of business. There is no surprise to see innumerable construction management programs coming up in the market. These software can provide great support for the contractors and come with modules for financial accounting as well as other functions in the operational area of the contractors. These can […]
10 Tips For Construction Project Management
When it comes to construction project management, there are various features that need to be considered, among them includes keep tracking and maintaining the project as well as budget within given time. Challenges are part of every project, successfully overcoming such hindrances and keeping the project in the right track is what makes a project […]
Construction Project Management – Functions, Purposes and Key Features For Project Planning
Construction project management (CPM) or construction management is the overall task of coordination, planning and controlling the whole project from the initial stages to the completion. It is basically aimed at meeting every client’s requirement in a lieu to produce financially feasible or functional project. The construction management industry is composed of five sectors. Namely: Residential Commercial […]
Advantages and Disadvantages of Partnership
Partnership A partnership is a legal form of a business operation that is between two or more individuals who will share management responsibilities and profits. There are several types of partnerships that are recognized by the federal government, but the two most common types are general and limited partnerships. Partnership Agreement It is easy to […]
Advantages and Disadvantages of Limited Company
Limited Company A limited company is basically a company where the liability of the members of the company is limited to what they have invested. Some limited companies are limited by shares while others are limited by guarantee. Advantages of Limited Company There are many advantages of limited companies. Some of them are described […]
Project Management – Advantages and Disadvantages
Project Management Project management is simply put, the process and activity of planning, organizing, motivating and controlling procedures, protocols and resources to achieve a specific goal. Without project management, it would be extremely difficult for goals to be met. Importance of Project Management Without a specified plan of action or a go-to person for a […]
How To Become a Project Manager
Project managers are accountable for the success of a project. They will use their knowledge, skills and tools to ensure that the project requirements are met and that the project is meeting the set goals in a timely manner. The project manager is responsible for planning; executing and closing the projects which means they define […]
Limited Liability Partnership (LLP) – Advantages and Disadvantages of LLP
A partnership is an agreement between at least two people or entities to jointly own and run a business. The partners will share managerial duties as well as the profits and losses. That said, a limited liability partnership or LLP is a special partnership that gives protection to each partner against any negligence on the […]
Advantages and Disadvantages of Qualitative Research
Qualitative Research Qualitative research is about exploring issues, understanding the phenomenon associated with the issue and being able to answer questions. There are many advantages and disadvantages of qualitative research. It is a method used in different academic disciplines generally associated with the social sciences and market research. Qualitative research will investigate the what, where, […]
How Building Construction Process Works
In this article, i will discuss on how building construction process actually works in the real world. So many construction projects are seen around us under different construction companies and contractors. The construction work that we see around us are only a part of the total procedure. The step by step work involved in building […]
Project Management Life Cycle | Practical Example
Project management life cycle and the work breakdown structure (WBS) have come to the forefront in recent years as key frameworks or structures for subdividing the project’s scope of work into manageable phases or work packages. Where the WBS is a hierarchical subdivision of the scope of work, the project life cycle subdivides the scope […]
Project Life Cycle Phases
All projects do pass through a number of recognizable phases or stages from initial to completion. As these phases are interrelated and dependent on each other, so it is reasonable to say the project passes through a project life cycle. Project Life Cycle Phases There is a general agreement that most project pass through a […]
Critical Path in Project Management
The critical path method provides an up-to-date method of planning. The main advantage of the critical path method are simplicity, flexibility and overall control. It is a most used “tool” for project management. Critical Path The path joining of critical events is called critical path of the network. Total project time is the shortest time […]
Project Management Planning
Project Management Planning: Planning is the most important phase of project management. Planning involves defining objectives of the project, listing of tasks or jobs that must be performed, determining gross requirements for material, equipment and manpower and preparing estimates of costs and duration for the various jobs or activities to bring out the satisfactory completion […]
Advantages of Milestone Chart
Milestone chart is a modification over the original Gantt chart. Small notes on milestone charts are given below. Controlling can be easily done and inter relationships between other similar activities can be easily established. These points are those that can be easily identified over the main bar. Milestones are key events of a main activity represented […]
PERT vs CPM | Differences Between Pert and CPM
PERT vs CPM CPM and PERT (Program Evaluation and Review Technique) are most commonly used methods for project management. There are some similarities and differences between PERT and CPM. PERT can be applied to any field requiring planned, controlled and integrated work efforts to accomplish defined objectives. On the other hand, CPM (Critical Path Method) is the […]
