Project Management

Why hire a project manager v2

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deliverable is of the highest quality. A skilled PM knows there's no such thing as a one-size-fits-all-solution, but rather brings a customized approach for the specific needs and preferences of each client. By quickly scaling up or down in size to match changing requirements of the project, the PM can ensure optimal project results. But why hire a Project Manager instead of… Many CREs wonder why their project can't be managed either internally by someone on their own staff or simply by the project's architect or contractor since they're already familiar with the project. While this may seem like a good idea at first, it all comes down to expertise, focus and time. Project Manager versus internal staff All too often, the internal delegate assigned to the project lacks either adequate training or proven experience to effectively manage all aspects of an expensive development or building project. And in many cases, the project is in addition to their ongoing responsibilities, reducing the amount of attention they can devote to the project. Unless internal candidates have extensive experience and are empowered to commit the required time necessary, they may not be able to provide the appropriate and timely direction to ensure project success. Project Manager versus architects and contractors Architects and contractors may be very capable at their individual specialties, but they can fall short as effective PMs. Unlike PMs, their responsibilities are limited to only one component of the entire project, while a PM is involved in the entire scope from the start, helping develop a clear project vision and strategy based on client-focused objectives—always with their client's best interests in mind. In addition, since architects and contractors are often charged with specific responsibilities, it can be more difficult for them to take a step-removed strategic view of the building as it may relate to other buildings in the owner's portfolio. Top 5 benefits of hiring a good PM A good Project Manager will save you time Managing a project takes a lot of time and a lot of focus. There are many components to managing a project: juggling multiple vendors and stakeholders, organizing and implementing a timeline, and managing risk and quality control. A good PM will assume complete ownership of the project—from start to finish—freeing you up to focus on your day-to-day responsibilities. A good Project Manager will save you money Not only has a good PM developed strong relationships with best-in-class vendors over the years that they can leverage, but they have also gained extensive knowledge and experience to ensure optimal and consistent service is delivered to the client day in and day out. A good Project Manager will manage risk Every project has a certain amount of risk, but should a problem threaten to derail a project in the middle of it, a good project manager has a clearly defined plan in order to make timely decisions to resolve the problem or mitigate the potential risks. A good Project Manager will prevent scope creep Whether it's time or money, or both, eating away at the success of a project, you can be assured that both are a result of scope creep. Successful project management controls the flow of a project and keeps team members focused on and working within the original scope of work. A good Project Manager will deliver optimal results A good PM is a highly skilled professional, trained to lead a project from start to finish, on time and on budget. They will analyze your needs and provide the right resources to ensure your 1. 2. 3. 4. 5. There's no question about it, construction projects are risky, costly and time-consuming. And the more complex a project is, the more potential there is for issues to arise, including scope creep, budget overruns and schedule delays. Unless, of course, you have a good Project Manager (PM) at the helm. A good PM will lead and help integrate all elements of a building project—from planning to design and engineering to construction and commissioning—for maximum overall results. They serve as the owner's trusted advisor and single source of responsibility and accountability for project performance throughout the entire process, so you don't have to. But corporate real estate (CRE) executives sometimes ponder whether the benefits of hiring a PM justify the expense. The answer is a resounding "yes." By ensuring everyone is in the right place, at the right time, doing the right things, a good PM will help you avoid redundancies, rework and costly mistakes. It all comes down to expertise, focus and time

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