Project Management Lifecycle
Custom homes, remodels & commercial contracting.
Project Management Lifecycle – Initiating, Planning, Executing and Controlling, Closing.
1. Initiation – Bidding; Starts When Drawings are Received
The initiation stage is where the scope of the project is decided, defined, and stakeholder expectations set. This is the most important stage of any project. Time spent refining the scope of work, planning, and communicating the scope of work will define the success of the project. A poor initiation stage will lead to problems and even failure.
2. Planning – Starts When Owner Contract is Received
Creating a project plan is the first task you should do when preparing to execute any project. Often project planning is ignored in favor of starting the work but people fail to realize the value of a project plan in saving time, money, and avoiding delays.
3. Execution, Monitoring & Controlling – Start When Permits are Released
Once the project is running the project team must maintain control. This is achieved by effective cost management, risk assessment, consistent review of the schedule, and quality control to ensure execution of the project deliverables.
4. Closure – Starts When Certificate of Occupancy is Received
It is important to get the customers’ agreement that the project has ended, and no more work will be carried out and all closeout paperwork has been completed.
The Big 8 Wastes of a Project – Lean Management
Transportation is any unnecessary movement of products from one place to another within a project.
Having inventory on hand is expensive, but so is not having enough inventory on hand.
This is an unnecessary movement of people and/or equipment in order to perform the jobs at hand.
Waiting occurs when there are material delays, unexpected equipment repair, subcontractor delays, and submittal approval delays.
Overproduction happens when there is a lack of margin to assess the current needs of the project and in result manufacturing more items than the project requires.
Overproduction can also be seen as too many steps in a process or double entry. Extra paperwork, unclear scopes of work, and scope gaps add extra steps
Defective is anything that needs to be done over or scrapped completely. Rework causes contractors to have to go back and correct the mistake causing delays.
When people are underutilized and not appreciated, or in role that is not suited for their strengths, employee burnout or significant project mistakes can happen.