The role of a project manager on real estate and construction projects can vary from one project to another. The consistent responsibility of a project manager is to ensure for an on-time and on-budget end result. Before construction begins, the project manager maybe responsible for site selection and due diligence, securing zoning and entitlements, selecting project team members, and creating a schedule and budget; which will lay the foundation for the rest of the project.
Once the project is underway, the project manager is the owner’s representative on-site, and it is their job to ensure the project is being built to the owner’s specifications. As the project progresses from planning to execution the project manager will shift their focus to scheduling contractors, processing payments and managing change orders.
While some organizations seek a team of multiple managers with various experience and project responsibilities others may go in for a singular project manager. Construction and real estate projects require the expertise of managers who have complete knowledge about the real estate and construction process, recent and relevant experience as well as the ability to work in teams. These certified professionals should have excellent interpersonal and communication skills because they will be called on to make tough decisions. For the smooth execution and completion of any construction project, it is very important for project managers to understand how to handle the different stages of the project accordingly.
The role of a project manager during real estate and construction projects is to ensure the successful completion of the project is on time and within budget. Although the project scopes, size and location may change, one thing is consistent; ensuring the timely and cost effective completion of projects.
Real estate projects are complex with many different moving pieces. They can seem overwhelming at times but when you boil it down there are three main components to a real estate project.