When project owners decide to start their project, they share all the relevant information with several contractors, or subcontractors asking them to submit their bids. The process begins with a cost estimate of the design, materials, and labor work etc. Different companies give different cost estimates and demand money according to their estimates. Some project owners may go for low-bid selection while others go for quality-based or best-value selection.
    Winning a construction project from the project owner is a very difficult task but if you have sufficient experience in the field and delivered successful projects in the past, you have good chances of getting the project.
      Once the company has grabbed the project, the construction phase can begin. Although the process of construction projects is different from that of the traditional projects, they somewhat follow a similar pattern.
        If the companies don’t already have enough information and understanding of the construction project process, all the project managers should learn about the five major phases of construction project management.
          These five phases are:
            1. Initiation of the Project
              Before the project begins, the management team must evaluate the project on the basis of its feasibility and if it’s worth undertaking. The stakeholders must be asked to thoroughly assess the projects strengths and weakness. When all the parties have agreed, the project management team should proceed with the project. The project manager then drafts a project initiation document which includes the details regarding the business case and business needs.
                2. Planning of the Project
                  The next step is developing a project management plan. It is a formal, approved document which is drafted by the project manager to guide the workers. This documents includes details regarding execution and control, as well as the project milestones, budget, and schedule.
                    The main aspects of a project management plan include:
                      • Scope statement
                          This basically defines the project’s requirements, objectives, benefits, deliverables, and major milestones.
                        • Work Breakdown Structure (WBS)
                            WBS basically breaks down the scope of project into manageable tasks and deliverables. Developing a work breakdown structure is, however, quite a very difficult task and requires a lot of time and effort as it is not easy to breakdown a complex project into deliverable-oriented chunks.
                          • Communication Plan
                              This basically includes a proper communication channel to forward details regarding goals, objectives, tools & equipment, difficulties & potential issues, and overall progress of the project to the concerned parties. A good communication plan keeps everyone updated and helps avoid conflicts and misunderstandings.
                            • Risk Management Plan
                                This includes identifying the potential risks that may occur during development of the project like unmet deadlines, shifting requirements, shortage of resources, and budget cuts.
                                3. Execution of the Project
                                  Once you’re done with the planning phase of the project, the actual work begins. Usually before executing the project, all parties conduct a kickoff meeting and then the management team begins allocating tasks and resources, implementing the plans, setting up monitoring & tracking systems, completing deliverables, updating the schedule, and if needed, altering the project plan.
                                    4. Monitoring the Project
                                      This phase usually begins simultaneously with the execution phase. Constantly monitoring is necessary to check the progress and performance of the project and to ensure that there are no delays and everything is in line with the plan.
                                        5. Closing the Project
                                          This phase marks the conclusion of the project. Once the project is completed, the project management team may conduct a post-mortem meeting to analyze and discuss which parts of the project met the objectives and which didn’t. the team then lists downs the lingering tasks if any, evaluates the project against budget and time-span, and generate a final project report.