July 16, 2005
Project Management overview
Project Management is about managing time, scope, and resources at the same time. Property management is a blend of building sciences, accounting, problem solving and people skills.
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Effective Project Management in the property/facility management arena requires both sold industry experience plus a subtle blend of these skills. Just as people do business with people they know, like and trust, a Project Manager must elicit those elements from team, suppliers and client in order to be successful.
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Most literature on project management speaks of a need to manage and balance three elements: people, time, and money. A fourth element however is the most important – the first and last task for a successful project manager is to manage the project scope.
Most literature on project management speaks of a need to manage and balance three elements: people, time, and money. A fourth element however is the most important – the first and last task for a successful project manager is to manage the project scope.
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Together these disciplines can bring chaos or harmony; a successful Project Manager/Property Manager/Facility Consultant must simultaneously manage the four basic elements of a project: resources, time, money, and most importantly, scope. Each must be managed effectively. All must be managed together if the project, and the project manager, is to be a success.
Together these disciplines can bring chaos or harmony; a successful Project Manager/Property Manager/Facility Consultant must simultaneously manage the four basic elements of a project: resources, time, money, and most importantly, scope. Each must be managed effectively. All must be managed together if the project, and the project manager, is to be a success.
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Resources: people, equipment, material
Time: task durations, dependencies, critical path
Money: costs, contingencies, profit
Scope: project size, goals, requirements
Money: costs, contingencies, profit
Scope: project size, goals, requirements
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Project scope is the definition of what the project is intended to accomplish and the budget (of time and money) that has been allocated to achieve the objectives. Any change to scope of the project usually requires a corresponding change in budget time and/or resources. An accumulation of scope changes that, by themselves, are manageable, but in aggregate are significant. Effective management of the resources, time and money in a project directly impact success.
Project scope is the definition of what the project is intended to accomplish and the budget (of time and money) that has been allocated to achieve the objectives. Any change to scope of the project usually requires a corresponding change in budget time and/or resources. An accumulation of scope changes that, by themselves, are manageable, but in aggregate are significant. Effective management of the resources, time and money in a project directly impact success.
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For information on project & property management services, office facilities and other Calgary commercial real estate opportunities, contact Mark Kolke@ mark.kolke@maxcomm.ca or call 403-444-6939
For information on project & property management services, office facilities and other Calgary commercial real estate opportunities, contact Mark Kolke@ mark.kolke@maxcomm.ca or call 403-444-6939
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For links to resources for facility planning, construction, telecommunications, office furnishings and services :
For links to resources for facility planning, construction, telecommunications, office furnishings and services :
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Published by MaxComm Realty Advisors Inc.
Published by MaxComm Realty Advisors Inc.
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{Copyright Mark Kolke 2005, all rights reserved}
# posted by Mark Kolke @ 7:11 p.m. 
