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What is Construction Management?
On November 22, 2022 By Devendra Kumar

What is Construction Management?

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Construction project management is a professional service availed by project owners to employ specialized techniques to manage every aspect of a construction project, from planning to scheduling to budget estimation to execution.

Construction project management is implemented to optimize best industry practices, carefully monitor progress, make sound decisions and improve visibility by using effective control measures and reporting methods.

The importance of construction management is evident from the fact that more than a third of construction projects worldwide either fail or face cost and time overruns. In India alone, as per the Infrastructure and Project Monitoring Division(IPMD) of the Ministry of Statistics and Project Implementation(MoSPI), 721 out of 1568 construction projects were delayed until June 2022. Moreover, the commissioning schedule of 569 projects is still unknown.

With adequate construction project management steps, you can keep your project on track and ensure completion within the planned time and budget with proper quality control. Read on to learn more about construction management's importance and the benefits of using it for your projects.