Communication Management Challenges in Construction...

Go Up to Table of Contents | | Go To Chapter 2 (Organizing for Project Management) | The Owners Perspective Introduction The Project Life Cycle Major Types of Construction Selection of Professional Services Construction Contractors Financing of Constructed Facilities Legal and Regulatory Requirements The Changing Environment of the Construction Industry The Role of Project Managers References Footnotes | | | 1. The Owners Perspective 1.1 Introduction Like the five blind men encountering different parts of an elephant, each of the numerous participants in the process of planning, designing, financing, constructing and operating physical facilities has a different†¦show more content†¦From the viewpoint of project management, the terms owner and sponsor are synonymous because both have the ultimate authority to make all important decisions. Since an owner is essentially acquiring a facility on a promise in some form of agreement, it will be wise for any owner to have a clear understanding of the acquisition process in order to maintain firm control of the quality, timeliness and cost of the completed facility. From the perspective of an owner, the project life cycle for a constructed facility may be illustrated schematically in Figure 1-1. Essentially, a project is conceived to meet market demands or needs in a timely fashion. Various possibilities may be considered in the conceptual planning stage, and the technological and economic feasibility of each alternative will be assessed and compared in order to select the best possible project. The financing schemes for the proposed alternatives must also be examined, and the project will be programmed with respect to the timing for its completion and for available cash flows. After the scope of the project is clearly defined, detailed engineering design will provide the blueprint for construction, and the definitive cost estimate will serve as the baseline for cost control. In the procurement and construction stage, theShow MoreRelatedThe Necessities Of Developing Green Construction Project Management1261 Words   |  6 Pagesdeveloping green construction project management With the continuous deterioration of the global environment and increasingly serious ecological problems, it is imperative to promote the sustainable development of the earth. The high speed economic development and urbanization promote the rapid development of construction industry, expand the industrial scale, upgrade the industrial structure, and enhance the project quality. 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