BEST PRACTICES IN PROJECT MANAGEMENT: THE RECIPE FOR SUCCES IN CONSTRUCTION
Project management in construction requires careful planning and skillful execution. The project lifecycle can be divided into five distinct phases, each demanding its own approach. Each phase is equally important, and their consistent management is key to successful project management. In this article, we delve into each phase and provide concrete tips for the efficient management of construction projects.

1. Project Initiation:
The potential and risks associated with the project must be carefully evaluated. The feasibility of implementation is assessed with the BCR (benefit-cost ratio). The project should be evaluated during the sales phase, and thorough preparation ensures a smooth start. The project manager's task is to understand the project's necessity, define clear goals, and create realistic cost estimates.
- Evaluate the project's prospects and risks
- Define the project's necessity and set clear goals
- Prepare a preliminary schedule and budget for the project
- Estimate the workload required for the project's implementation
- Request quotes from subcontractors
2. Project Planning:
In the planning phase, the scope and coverage of the project are defined. The project plan should detail tasks, budget, schedule, and goals. A Gantt chart is one tool that can help manage the project timeline. Risk management is essential, and any changes to the plans must be carefully orchestrated.
- Write a detailed and comprehensive project plan
- Construct a clear estimate of resources, budget, and schedules
- Evaluate the project's feasibility
- Choose the indicators to track
- Analyze and minimize risks
3. Project Execution:
During the execution phase, all practical implementation steps are carried out. Project teams must ensure clear communication and strong team spirit. Information flow is maintained through an efficient and effective project management system, allowing the team to manage resources and track project progress effectively.
- Follow the project plan as closely as possible
- Accept that changes may be needed at various stages of the project
- Ensure all team members understand their roles and the project's goals
4. Project Monitoring:
Project monitoring is an essential part of project management. Alongside other phases, it helps assess possible changes to plans. Project progress is tracked using key performance indicators, and a comprehensive project management system can provide valuable support in this process.
- Record all actual schedules, costs, and other data to support project management
- Regularly monitor chosen indicators and make changes as necessary
- Consider a comprehensive project management software
5. Project Closure:
In the final phase of the project, a final report is created detailing the project's successes and failures. The report provides valuable insights for future projects. A project management system can facilitate data collection and report preparation.
- Transfer the completed project to the client or for internal use
- Prepare the final project report
- Gather all project documents and deliverables and store them carefully
- Document ideas for the future; the project may be over, but the work continues
These are the key phases in managing construction projects. Each phase requires careful planning, efficient execution, and precise monitoring. With the right project management system, each phase can be made smooth, ensuring the project's success from start to finish.

Tuomas
Director of Customer Relations
tuomas.kainulainen@kospro.fi
+358 40 147 1499