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Construction Risk Management: An Introduction

ProjectManager.com

Few things are as risky as construction. How do you meet your deadline while managing all that risk? The answer is construction risk management. It can be mind-bogglingly complex, which is you should make a detailed construction risk management plan. What Is Construction Risk Management?

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Construction Cost Management: Managing Construction Costs

ProjectManager.com

Construction costs are one of many metrics that a general contractor has to keep an eye on. But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. That’s why construction cost management is so important. What Is Construction Cost Management? Learn more What Is a Construction Cost?

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Industrial Construction: Examples of Industrial Projects

ProjectManager.com

When viewing construction, one commonly recognizes three sectors: residential, commercial and infrastructure. For example, commercial construction can be classified into three subcategories of retail, office, multifamily and industrial construction. What Is Industrial Construction?

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Construction Reporting: Types of Construction Reports

ProjectManager.com

All projects use reporting to monitor progress and performance, but in construction reporting is especially important. Construction reports are more varied and chart everything from project status to incidents and compliance. First, let’s define what construction reporting is and then explain why construction reports are so important.

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How to Make a Contractor Payment Schedule in Construction (Template Included)

ProjectManager.com

Construction projects are often long and complicated endeavors. Let’s look at the construction payment schedule to fully understand its benefits. The contractor payment schedule is how contractors in construction projects are paid. The construction payment schedule can be looked at as a sort of insurance.

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How to Make a Construction Phase Plan (Templates Included)

ProjectManager.com

Construction projects come big and complex as well as small and simple, but one thing they all share is a construction phase plan. The construction phase plan is a critical construction project management document that helps to ensure a safe project. What Is a Construction Phase Plan?

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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

But what is a schedule of values and why is it such an essential construction project management document? The schedule of values (SOV) is a construction document that’s part of the payment process when working on a project. Here are just a few that can be used in construction project management.