Project Management Service provides the owner-client with either comprehensive or selected oversight of technical and administrative aspects of any real estate project, to successfully achieve the expected outcome within the defined constraints and guidelines.
This service is customized to each project, from its inception through the closing and delivery to the owner, or can be tailored to a certain stage (s) or specific activities that the owner requires.
The focus of Project Management Services is to consistently act in the owner-client’s best interests for any scope or during any phase of a project, as required.
Every project passes through 5 stages:
Initiation: Define the purpose, scope and expectations of the owner-client and establish the project management team and requisite skills.
Planning: Articulate the activities, steps and requirements for smooth execution and successful completion of the project in accordance with the agreed project scope and constraints.
Execution: Perform the work in an organized manner and according to plan.
Monitoring and Control: Verify and control the project’s actual progress as compared to plan, and actively work to mitigate risks, while keeping the owner-client informed of any changes or required decisions.
Closing: Deliver the completed project to the owner-client, confirm the plan drawings reflect “As Built” status, arranging knowledge-transfer, closing project financials, and delivering agreed guarantees and reference materials from the project.