Construction Project Management Career Guide for 2023

Last Updated on April 17, 2023 by Admin

Construction project management is a professional service that uses specialized project management techniques to oversee the planning, design, and construction from beginning to end. A construction project management career involves managing the planning, execution, and delivery of construction projects and requires a blend of technical and leadership skills. We have discussed all you need to know about construction project management and the future of construction project management.

What Is Construction Project Management (CPM)?

According to the Project Management Institute (PMI), Project Management is “the art of directing and coordinating human and material resources throughout a project by using modern management techniques to achieve predetermined objectives of scope, cost, time, quality, and participating objectives.”

Read further to know more about construction project management in detail. Also, kindly check below the construction project management process flow chart. Construction project management roles involve overseeing all aspects of a construction project from start to finish.

We can extend PMI’s definition to construction project management, wherein a project manager uses the same model to achieve the same goal, only in a construction context. A construction project management career is a challenging and rewarding field, offering opportunities for personal and professional growth.

At its most fundamental level, construction project management handles the planning, coordination, and execution of a construction project, whether agricultural, residential, commercial, institutional, industrial, heavy civil, or environmental.

Project management is the coordination and collaboration process between different parties involved in a construction project. It includes all aspects of the project, from inception to completion. Construction project management roles require strong leadership, communication, and problem-solving skills.

You can also learn about the construction project management process flow chart to implement successful project management. Kindly check the various construction project management certification courses online, free and paid, offered by multiple universities and colleges.

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Also, check the construction project management for dummies, construction project management books, and construction project management salary details.

Importance of CPM? 

Construction project management typically includes complicated tasks that can shift wildly depending on the work. It requires strong skills in communication, deep knowledge of the building process, and the ability to problem-solve.

Construction project management is a complex field, requiring knowledge in many different areas like finance, law, business, and more. Construction project management roles also involve managing subcontractors, suppliers, and other stakeholders.

Construction project management often referred to as CM, is a professional service. It uses specific project management techniques that oversee a project’s planning, design, and construction from start to finish. The most important aspects to control in the construction of our time, cost, and quality.

Construction project management combines the responsibilities of an everyday project manager with someone in the construction industry. In construction project management roles, it is essential to be able to manage risk and anticipate potential problems.

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Types of construction projects

There are various types of construction projects, depending on the various construction sectors. There are two sectors in construction: residential and commercial. Depending on the industry, there can be up to four different types of projects:

• Residential home building and renovation
• Heavy industrial construction
• Commercial and institutional construction
• Engineering construction

That means there is a wide variety of construction projects that require construction management to be successful. Construction project management roles require the ability to work under pressure and make decisions quickly.

Construction management might require a simple home to a large bridge, from engineering a dam build to an airport seismic retrofit project.

A construction project manager manages the beginning and end of a project, often managing on-site to ensure safe, successful construction.

The Main Principles of CPM

Construction project management requires various skills and the ability to interface with various agencies and people to lead the project from concept to build.

Construction project managers must follow project management principles during every project phase.

It’s no secret that construction project management is a pretty complicated field. However, there are some fundamental principles that anyone entering the area should remember. Construction project management roles also involve communicating with stakeholders, including the client, project team, and regulatory agencies.

Everything starts with the project owner reaching out to contractors to ask for bids. The construction managers interested in carrying out the project will then offer a proposal to the owner.

The bid will include details about the amount of money that the project owner has to offer to complete.

There are two types of bids:

1. Open bid: Open bids are inextricably connected to public projects. It’s an auction where any contractor is welcome to make an offer. An available proposal usually is openly promoted.
2. Closed bid: Private projects are based on closed proposals. The project owner sends a bid invitation to a specific number of contractors.

After receiving all the bids for the particular project, the owner proceeds to the selection of the contractor through one of the following three methods:

1. Low-bid selection: In that case, the main focus of interest is the price. The construction management companies present the lowest bids they are open to completing the project for. The project owner selects the lowest offer and proceeds with it.
2. Best value selection: This process puts weight both on qualifications and price. The owner is choosing the most appealing bid in terms of quality and money.
3. Qualifications-based selection: The present method is adopted when qualifications are the only criterion for selecting the construction management company. A request for qualifications (RFQ) helps the owner to acquire further information regarding the contractor’s experience and project organization competencies.

Project management process flow chart

Project Management Processes

Every project has a standard life cycle, regardless of its unique characteristics. This structure could be outlined in four primary stages:

1. Project Initiation

During the first phase, the project’s objective and feasibility are determined. This is a crucial stage of the whole process since it can indicate whether this project is an excellent opportunity or not.

If necessary, a feasibility study is conducted, and based on its results, a recommended solution/plan is issued. Those in construction project management roles must stay up-to-date with the latest industry trends, technologies, and best practices.

Once everything is decided, a project initiation document (PID) is created. The project initiation document provides the groundwork for the construction plan and is one of the most vital artifacts in project management.

2. Planning Phase

The project planning stage is where the team singles out all the work to be done. It’s an ongoing activity almost to the end of the project. The main priority during the planning phase is to plan the project’s time, costs, and resources.

The project team develops a road map for all involved. This includes the project management plan (PMP), a formal, approved document created by the project manager to guide execution and control and set baselines for scope, cost, and schedule. You can also expect to see these documents in the planning phase:

• Scope statement and scope documentation: This defines the project’s business needs, benefits, objectives, deliverables, and critical milestones.
• Work breakdown structure (WBS): This document breaks down the scope into visual, manageable chunks.
• Communication plan: This outlines all aspects of communication, from goals and objectives to roles to tools and methods. The communication plan creates a common framework that everyone can work from to avoid misunderstandings or conflicts.
• Risk management plan: This helps project managers identify risks beforehand, including time and cost estimates that may not be met, potential budget cuts, shifting requirements, and a shortage of committed resources.

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3. Execution Phase

The construction project management plan is put to work in the execution phase. As a rule, this phase is divided into two main processes: the execution and the monitoring and controlling. The project team makes sure that the required tasks are being performed.

At the same time, progress is monitored, and changes are being made accordingly. A project manager spends most of the time monitoring and, depending on the information, redirects the tasks and maintains control of the project.

4. Performance and Monitoring

The monitoring phase often happens concurrently with the execution phase. This phase is necessary to measure progress and performance and ensure that items align with the project management plan.

5. Closing Phase (Closure)

The final stage of the project represents its official completion. The project manager evaluates what went well and refers to potential failures. In the end, the team conducts a project report, calculates the final budget, and offers information about any tasks that remain unfinished. The project report will be valuable feedback for future construction projects in combination with analyzing the potential failures.

The functions of project management for Construction Project

The tasks of project management for construction generally include the following:

1. Specify project objectives and plans, including delineation of scope, budgeting, scheduling, setting performance requirements, and selecting project participants.
2. Maximizes efficient resource utilization through labor, materials, and equipment procurement according to the prescribed schedule and plan.
3. Implementation of various operations through proper coordination and control of planning, design, estimating, contracting, and construction in the entire process.
4. Development of effective communications and mechanisms for resolving conflicts among the various participants.

Construction management is typically extended to a plethora of different functions. The most important of them could be summarized in the following:

1. Specify the project plans, including clouding pawing of scope, scheduling, budgeting, deciding upon achievement requisites, and choosing project participants.
2. Boost resource effectiveness through the acquisition of the workforce and the necessary equipment.
3. Conduce numerous operations through legitimate coordination and management of contracting, planning, estimating, design, and construction during the whole procedure.
4. Efficient development of solid communication between the agents for resolving any conflicts that may arise.

Construction Project Phases | The Stages of Construction Project Management

The stages of construction project work include the following:

Design: The design stage mirrors the planning stage of a traditional project closely. A construction design can be seen as a construction project plan.

In construction management, programming and feasibility, schematic design, design development, and contract documents are involved in the design stage of the construction project.

A design team is allocated to this stage, and it is their responsibility to align the design with all building codes and regulations. Usually, a bidding process takes place during the design stage.

Pre-construction: The construction project work can begin if the client notices the contractor that they have been chosen for the bidding process. A project team will be allocated, including a project manager, construction project coordinator, contract administrator, and construction project engineer.

During this project stage, a site investigation must be carried out. This will allow the project team to discover if specific steps need to be included on the job site.

It is essential to prepare the area before actual construction is begun. Unforeseen conditions are dealt with at this stage, along with a soil test to determine if the soil is in a good enough state to be built upon.

Procurement: The procurement stage of a construction project is when the labor, equipment, and materials needed to complete the project successfully are purchased. The construction company can do this themselves, or this work can be subcontracted.

Construction: During the construction stage, a pre-construction meeting is held. This meeting decides on aspects of the project, such as work hours, quality control, site access, and material storage.

After everything involved in the project is moved to the construction site and set up, construction can begin. A schedule is a contract; your progress payment schedule specifies which project milestones contractors and suppliers will be paid for.

Owner-occupancy: After construction is completed, the owner can move into the building. This is when the warranty period begins. During this period, it is ensured that all the equipment, materials, and quality meet the expectations agreed upon during the design and pre-construction phases of the project and that are outlined in the contract between the project team and client.

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The roles and responsibilities of the Construction Project Manager

The Project Management Institute-PMI focuses on nine distinct areas requiring project management knowledge and attention:

1. Project integration management to ensure that the various project elements are effectively coordinated.
2. Project scope management ensures that all the work required (and only the required work) is included.
3. Project time management to provide an effective project schedule.
4. Project cost management to identify needed resources and maintain budget control.
5. Project quality management to ensure functional requirements are met.
6. Project human resource management to develop and effectively employ project personnel.
7. Project communications management to ensure effective internal and external communications.
8. Project risk management to analyze and mitigate potential risks.
9. Project procurement management to obtain necessary resources from external sources.

These nine areas form the basis of the Project Management Institute’s certification program for project managers in any industry.

Here are some online courses in construction project management that offer a flexible and convenient way for professionals to enhance their skills and knowledge in the field.

A construction project manager has been tasked with several specific responses, such as how a traditional project manager is also responsible for some project regions. The primary responsibilities of construction project managers include:

All projects need to be planned. It is an essential part of any project, especially in construction. A construction project manager needs to plan out the project carefully so that everyone involved knows how the project will progress.



Construction project managers are responsible for keeping the project moving according to plan. The goal is to manage the project to finish on schedule and within budget while meeting building codes, programs, and specs.

A construction project manager may also be charged with setting the parameters, finances, and calendar; vetting and hiring subcontractors and on-site workers; developing a strategy for potential conflict resolution; and more.

Construction project management certification is a designation earned by professionals who have met specific educational and experience requirements and have passed an exam, demonstrating their competence in the field of construction project management.

Obtaining a certification in construction project management recognizes the individual’s expertise, enhances their credibility and can lead to career advancement opportunities.

The Construction Management Association of America, a U.S. construction management certification and advocacy body, says the 120 typical responsibilities of a construction manager fall into these seven categories:

• Project management planning
• Cost management
• Time management
• Quality management
• Contract administration
• Safety management
• Construction management professional practices (manage the team working on the project, define each person’s role and responsibilities, etc.)

What are the Construction project manager skills?

Construction project managers oversee all aspects of construction projects, from planning and budgeting to coordinating with contractors and ensuring the project is completed on time and within budget. Key skills for a construction project manager include:

• Strong leadership and communication skills, as they will be managing a team of contractors and other stakeholders.
• Excellent organizational and project management skills to ensure that the project is completed on time and within budget.
• Knowledge of construction methods, materials, and building codes and regulations.
• Experience with project management software such as Primavera, MS Project, and AutoCAD.
• Strong problem-solving skills, as they will be responsible for identifying and addressing any issues that arise during the project.
• Cost estimation and budget management skills.
• Good negotiation and relationship management skills in dealing with contractors, suppliers, and stakeholders.
• Strong understanding of safety regulations and requirements in construction.

Construction Project Management Software

There are many different types of construction project management software available today. Software for construction project management streamlines the planning, execution, and delivery of construction projects by automating project management processes and providing real-time insights into project performance. Some of the most popular options include Procore, CoConstruct, and Buildertrend.

Each software program offers different features and benefits, so choosing the one that best meets your needs is essential.

Here is this  List of the Best Construction Project Management Software for 2023.

Also, various construction project management tools are available to help construction managers plan, coordinate, and execute construction projects.

Commonly used tools include project scheduling software, budgeting and cost management tools, and project tracking and reporting tools. Construction project management tools can be used to manage both small and large construction projects.

Some of the most popular construction project management tools include Microsoft Project, Primavera P6, Wrike, and Basecamp. Each tool has its strengths and weaknesses, so choosing one that best fits your needs is essential.

Construction Project Management Career Path

The career path for a construction project manager can vary depending on the employer and the specific role. Still, construction project managers generally can advance through a series of positions with increasing levels of responsibility.

1. Entry-level: A construction project manager typically begins their career as an assistant project manager or project engineer. They assist senior project managers in coordinating and managing construction projects.

2. Junior Project Manager: With experience, an assistant project manager can be promoted to junior project manager. They are responsible for overseeing smaller projects and working under the guidance of senior project managers.

3. Senior Project Manager: With several years of experience, a junior project manager can be promoted to senior project manager. They oversee larger, more complex projects and lead a team of project managers and engineers.

4. Project Director: A senior project manager with several years experience can advance to a project director position. They are responsible for managing multiple projects at once and for overseeing a team of project managers and engineers.

5. Executive Management: A Project Director with several years of experience and business acumen can move to the executive management level. They are responsible for managing multiple projects and teams, and for making strategic decisions for the company.

6. Business Development: With experience and business acumen, a construction project manager can move to business development. They are responsible for identifying and pursuing new business opportunities for the company.

7. Construction Consultancy: With experience and reputation, a construction project manager can move to the role of a construction consultant, providing expert advice and guidance to other construction professionals and organizations.

It’s worth noting that the career path can vary depending on the employer and the specific role. Still, many construction project managers can advance through a series of positions with increasing levels of responsibility.

Additionally, an MBA in construction project management provides a comprehensive understanding of business and management principles, as well as specialized knowledge in the construction industry, to help professionals advance their careers in construction project management.

Construction Management Job Titles

There are many different types of jobs in construction project management. Some people may oversee the entire construction process from start to finish, while others may be responsible for specific tasks or parts of the project.

Construction project management jobs involve overseeing all aspects of a construction project, including planning, execution, and delivery, and require strong leadership, technical, and communication skills.

No matter what type of job you have in construction project management, it is essential to be able to communicate and work well with other people. 

Some common job titles in construction project management include project manager, site superintendent, estimator, and scheduler.

If you are interested in pursuing a career in construction project management, you should keep a few things in mind.

First, it is essential to have strong communication and interpersonal skills. Second, you should be organized and detail-oriented. Finally, you should have some knowledge of construction methods and principles.

Here are some of the job titles and their definitions:

• Field Engineer/Surveyor: A field engineer or surveyor supervises a crew of workers known as the survey party. This party is responsible for staking out reference points and markers to guide the construction process. Before any other work begins, the survey party must define the legal boundaries of the land where the work will be done.
• Project Engineer: A project engineer acts as the liaison between the project manager and the technical aspects of a project. They are usually the consumer’s primary technical point person in charge of scheduling, planning, and resource forecasting for engineering activities. In some cases, the project engineer is the same as the project manager time, and both roles share joint responsibility for leading most of the project.
• Project Coordinator: The project coordinator assists the manager in all day-to-day activities. They may liaison between customers, subcontractors, architects, owners, and general contracts on active projects; maintain and monitor records; track budgets; and perform other general duties.
• Project Manager: The construction project manager supervises projects from beginning to end, ensuring they finish on time and within budget. He or she plans all aspects of the construction process, including hiring contractors, negotiating contracts, setting budgets, complying with building and safety codes, and dealing with conflict.
• Construction Manager: As a site manager, a construction manager is responsible for running and managing the construction site. He or she works closely with architects to review blueprints, make project timetables, determine material and labor costs, gather permits, and schedule works on site.
• Operations Manager: An operations manager works in a large construction company that oversees many projects simultaneously. He or she develops construction strategies and works with the project manager to manage resource allocation. They also work with civil engineers to create the quality checks that a project must go through before delivering to the owner.

Construction project management offers many more technical roles and jobs behind the scenes, including design engineer, planning engineer, and project architect, to name a few. But soft skills are just as crucial in completing a project, which is why design managers, project document controllers, schedulers/scheduling engineers, project planners, project finance managers, insurance representatives, and engineered materials representatives are also in demand.

The Legal Aspects of a Construction Project

A construction project consists of many different details. One of the most vital things no project manager should overlook is its legal parameters. A well-prepared construction project manager should always be in a position to offer answers to potential legal disputes or risks that may emerge. In that way, the whole project is secured and built on solid foundations. In general, five main areas should be taken into consideration:

1. The parties: This category refers to anyone involved in the construction project (contractors, consultants, sub-contractors, purchasers, etc.)
2. Contracts: Even though there are certain fixed contract forms for construction projects, there is often a need to change the agreements, so legal advice is more than necessary.
3. Legislation & Regulation: A solid legal team can ensure that all the different legislation and regulations are correctly followed.
4. Procurement: The procurement process refers to purchasing all the materials and services necessary for a construction project. It is crucial, then, that the whole project is thoroughly regulated from a legal aspect.
5. Insurance: It’s no secret that a construction site has plenty of physical dangers. That’s why a project manager should have been informed and cared for every little detail concerning the insurance agreements.

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Education for Construction Project Manager

The education qualifications for a construction project manager can vary depending on the employer and the specific role.

However, construction project managers generally hold a bachelor’s degree in a related field, such as construction management, construction science, architecture, engineering, or business management.

A Bachelor’s degree in Construction Management or a related field is a standard educational requirement for a construction project manager. These programs typically include coursework in construction methods and materials, building codes and regulations, cost estimation and budget management, project management, and safety regulations.

Some employers may also prefer or require a master’s degree in a related field, such as construction management, construction science, architecture, engineering, or business management. A Master’s degree can provide advanced construction project management training and increase job opportunities and potential advancement.

Additionally, some employers may require or prefer that construction project managers have a professional certification, such as the Project Management Professional (PMP) or the Construction Management Association of America (CMAA) Certified Construction Manager (CCM), which requires a combination of education and professional experience.

A Master’s degree in Construction Project Management is a graduate-level program that provides students with the knowledge and skills necessary to manage construction projects from start to finish. The program typically covers topics such as:

1. Project planning and scheduling
2. Cost estimation and budget management
3. Contract administration and negotiation
4. Construction law and regulations
5. Risk management and safety
6. Sustainable construction and green building practices
7. Project management software and technology
8. Leadership and team management

Some of the universities offer a Master of Science(MS) in Construction Management or a Master of Engineering(ME) in Construction Engineering and Management, a Master of Business Administration (MBA) with a concentration in Construction Management, or a Master of Architecture (M.Arch) with a concentration in Construction Management.

A Master’s degree in Construction Project Management can prepare graduates for careers as construction project managers, construction engineers, and project managers in other fields such as architectural and engineering firms, government agencies, and construction companies.

Construction Project Management Salary

Construction project management is a field that is growing in popularity. This is because construction projects are becoming more complex, and the need for skilled managers is increasing.

The average salary for a construction project manager is $98,890 per year. However, salaries can range from $60,000 to $160,000 per year, depending on experience and education.

The salary details for the construction project manager profile are as follows;

Construction Project Manager Salary

The average base salary for Construction Project Managers as of 26th October 2023 are;

• The Average Base Salary in India is INR 978,369
• The Average Base Salary in the USA is USD 98,890

What are the job opportunities after construction management?

After completing a degree or certification in Construction Management, there are a variety of job opportunities available in various fields, such as:

1. Construction Project Manager: Oversee all aspects of construction projects, from planning and budgeting to coordinating with contractors and ensuring the project is completed on time and within budget.

2. Construction Superintendent: Supervise construction projects and lead a team of workers to ensure that projects are completed on schedule and within budget.

3. Construction Estimator: Prepare cost estimates for construction projects and work with project managers to ensure that projects are completed within budget.

4. Architectural and Engineering Manager: Manage the design and construction of buildings and infrastructure projects, working with architects, engineers, and other professionals.

5. Facility Manager: Maintain and manage the operations of buildings and other facilities, ensuring that they are safe, secure, and in good condition.

6. Cost Engineer: Monitor the cost of construction projects and work with project managers to ensure that projects are completed within budget.

7. Safety Manager: Develop and implement safety policies and procedures for construction sites to ensure the safety of workers and the public.

8. Real Estate Developer: Acquire, develop, and manage properties, including residential, commercial, and industrial properties.

9. Construction consultant: Provide expert advice and guidance to other construction professionals and organizations.

10. Government Agencies: Some construction management graduates also work in government agencies, such as public works departments, where they help plan, design, and construct public infrastructure projects.

These are just a few examples, but many other job opportunities are available to construction management graduates, depending on their interests, skills, and experience.

The Future of Construction Project Management

The future of construction project management in 2023 is likely to be influenced by several factors including technology advancements, changing regulations, and industry trends.

The use of Building Information Modelling (BIM) and other digital tools is expected to increase, leading to better collaboration and improved project outcomes. Remote project management and remote team collaboration are also likely to become more widespread. Additionally, the focus on sustainable construction practices and the integration of renewable energy sources is expected to increase. However, the industry will also face challenges such as the shortage of skilled labor and the need for improved project cost control and risk management.

In 2023, the construction industry will likely see a greater emphasis on the use of technology to improve project management processes. BIM software, for example, will become more sophisticated, allowing for real-time collaboration between team members, improved project visualization and analysis, and more accurate project cost estimates. This will help reduce the risk of project delays and cost overruns.

Cloud-based project management tools will also become more prevalent, allowing construction teams to access project data and collaborate on tasks from anywhere. This will improve efficiency, as well as the accuracy of project tracking and reporting.

In addition to technology advancements, the construction industry will continue to focus on sustainability and the use of renewable energy sources. This will drive innovation in materials, construction methods, and project design. It will also require construction managers to stay up-to-date with the latest regulations and sustainability practices.

However, the industry will also face challenges such as the shortage of skilled labor and the need for improved project cost control and risk management. Construction managers will need to be proactive in identifying and mitigating potential risks, while also finding innovative solutions to the labor shortage.

the future of construction project management in 2023 will be shaped by a combination of technological advancements, sustainability efforts, and industry trends. Construction managers who stay abreast of these developments and adapt to the changing landscape will be best positioned for success in the years ahead.

Terminology and Acronym Used In CPM

The following are the commonly used terminologies and acronyms in Construction Project Management (CPM).

• A&E: architectural and engineering
• AEC: Architectural Engineering and Construction
• BIM (Building Information Modelling) – A digital representation of the physical and functional characteristics of a building.
• BOO: build own operate
• BOQ (Bill of Quantities) – A document used to describe the quantities and specifications of materials, labor, and equipment required for a construction project.
• BOT: build, operate transfer
• CA (Construction Administration) – The management and oversight of a construction project, including the review of construction drawings and specifications, and the supervision of construction activities.
• Change Order – A document used to request changes to the scope, cost, or schedule of a construction project.
• CIP: capital improvement plan
• CM: construction manager
• Cost Engineering – A discipline concerned with the prediction, management, and control of project costs.
• CPI: cost performance index
• CPM (Critical Path Method) – A project scheduling technique used to determine the critical path and project completion time.
• CREM: corporate real estate management
• DBOT: Design-Build use transfer
• EA: environmental assessment
• Earned Value Management – A project management technique used to measure project performance by comparing planned and actual project results.
• EIS: environmental impact statement
• EPC (Engineering, Procurement, and Construction) – A type of project delivery method used in construction where a single company is responsible for the design, procurement, and construction of a project.
• FBOT: finance build operate transfer
• FEIS: final environmental impact statement
• FONSI: finding of no significant impact
• Gantt chart – A type of bar chart used to represent project schedules and task dependencies.
• GMP: guaranteed maximum price
• JV: joint venture
• LEED (Leadership in Energy and Environmental Design) – A certification program for sustainable building design and construction.
• MC: management contracting
• MEP (Mechanical, Electrical, and Plumbing) – A term used to describe the design and construction of the building’s mechanical, electrical, and plumbing systems.
• MPO: metropolitan planning organization
• O&M: operations and maintenance
• OSHA: Occupational Safety and Health Administration
• PC: project control
• PD: project director
• PERT (Program Evaluation and Review Technique) – A project management tool used to analyze project schedules and identify critical tasks.
• PFI: private finance initiative
• PL: project leader
• PM: project manager
• PMBOK (Project Management Body of Knowledge) – A set of best practices and guidelines for project management, developed by the Project Management Institute (PMI).
• PMC: project management consultant
• PMO: project management oversight
• PMP (Project Management Professional) – A certification program offered by the Project Management Institute (PMI) for project managers.
• PMP: project management plan
• PRD: project requirements definition
• ProgM: program management
• Project Management Body of Knowledge (PMBOK)
• Project Management Institute (PMI)
• REM: real estate management
• RFI (Request for Information) – A document used to request additional information or clarification from a project team member.
• RFP (Request for Proposal) – A document used to request proposals from potential suppliers or contractors for a specific project.
• RFQ (Request for Quotation) – A document used to request price quotes from potential suppliers or contractors.
• SOW: scope of work
• SPI: schedule performance index
• Value Engineering – A systematic approach to improving the value of a project by reducing its cost while maintaining or improving its function.
• WBS (Work Breakdown Structure) – A hierarchical representation of the project scope, used to organize and define the work involved in a project.

Conclusion

The industry demand for qualified project management professionals is increasing day by day. A lot of project management software and application are getting introduced every day.

Also, the employment of construction managers is projected to grow 15-20 percent from 2018 to 2026, faster than the average for all occupations. Construction managers are expected to be needed as overall construction activity expands.

So, to overcome the future skill gap challenge, studying construction project management will be an added advantage for the Civil, Mechanical, Electrical Engineers, Architects, and other engineering graduates.

FAQs