Exploring the Advantages of Project Management in Construction

Two-thirds of large-scale construction and engineering projects fail to meet time, cost or quality goals, highlighting the importance of effective project management.

If more construction projects were better managed, this figure would likely be much lower. At Compliance Chain, we understand how challenging it can be to manage a construction project. With all the moving parts, regulations, and deadlines, it isn’t easy to ensure your project lives up to expectations.

We’re here to help. Read on to learn all about the advantages of project management in construction, and how our platform can streamline your project and ensure complete compliance.

What is Construction Project Management?

Put simply, construction project management refers to the management of construction projects.

It is the process of coordinating a project lifecycle, including the material, human and technical resources. It involves managing all processes, from the beginning to the completion of the project build.

In construction, project management can involve a range of roles, from engineering and architecture to public works. It can involve tasks such as:

• Budgeting
• Hiring contractors
• Scheduling
• Ensuring regulatory compliance
• Ensuring health and safety

What is a Construction Project Manager?

A construction project manager plays a huge role in overseeing this. A project manager (or PM) in construction is responsible for managing the project – including the timescales, quality and cost of the project.

They are essentially responsible for the success of the completed build, ensuring the team meets targets, deadlines, and budgets.

The Benefits of Construction Project Management

First of all, it’s important to note that companies that implement effective project management techniques waste 28 times less money than companies that don’t have effective project management strategies in place.

Let’s delve into the specific benefits of construction project management, from preventing delays to increasing efficiency across the project lifecycle:

Prevents Project Delays

On average, 72% of projects are delayed. However, effective project management can reduce these delays and ensure that your project meets your objectives.

Construction project management ensures you can monitor your project and adhere to tight schedules. You can effectively track your project, from start right through to completion.

You will have full access and control over your project plans, and be able to tell in real-time if any aspects are falling behind, allowing you to act quickly to prevent delays.

The Compliance Chain platform enables efficient execution and gives you access to real-time data, which means you can handle your project with confidence.

Ensures Projects Stay on Budget

Construction projects can be extremely expensive, with property construction projects costing between £1,750 and £3,000 per m². Costs can include:

• Labour
• Materials
• On-site costs (e.g portaloos, skips etc)
• VAT
• Architecture costs
• Many more

With so many moving parts on a construction project, costs can quickly escalate if they’re not managed properly. This is one of the reasons why efficient project management is so important – to keep costs under control.

Project management software can help you control project costs by providing you with cost estimations and allowing you to track expenses.

Ensures Compliance and Minimises Risk

Finally, one of the key benefits of project management in construction is that it can ensure you remain compliant with the relevant regulations, such as the CDM 2015 regulations, COSHH, The Health and Safety at Work Act 1974, and many more.

It can also mitigate risks, from design changes and material shortages to unforeseen obstacles. Project management can help you to identify, assess and mitigate risk throughout the project lifecycle.

At Compliance Chain, our project management software can give you real-time visibility and insights. This means you can respond to any issues or changes quickly, reducing overall risk. If you utilise our software, you can have peace of mind knowing your project will be delivered on time and within budget, whilst remaining compliant.

Increases Efficiency

Efficient project management can increase efficiency across the board. At Compliance Chain, our project management platform enhances efficiency by allowing you to report and analyse data across all of your projects in one easy-to-use platform.

You also have control over who has access to the live reporting data. Granting this access streamlines your communication effectively cutting out the middleman.

You can also export reports with a click of a button into branded PDF documents if you prefer to view your reports this way.

From pre-construction to the live construction phase, our platform allows you to track your projects and monitor progress in real time. We can help you to deliver results that not only meet – but exceed expectations.

Manage Your Construction Projects With Compliance Chain

If you’re looking to streamline your construction projects whilst ensuring compliance, you’re in the right place.

Our project dashboards and inbuilt reports can be shared with the entire project team including the end-user client, design team, project manager, and contractor partner – improving communication throughout the project.

Or, if you need enhanced time management and task prioritisation tools, our programme delivery function allows you to strategically plan and schedule the milestones of specific project KPIs or goals within a broader project timeline. This ensures your project stays on track, deadlines are met, and progress is monitored effectively.

With Compliance Chain, you can:

• Report and Analyse Project KPIs
• Export Your PDFs
• Communicate Project Information
• Receive Real-Time Data

Don’t just take our word for it – request a demo today! If you have any questions, don’t hesitate to contact us – our friendly team will be happy to help.