In this Discussion, you will examine ways that construction managers can manage and control cost and schedule objectives.
Imagine that you are a construction manager for a local commercial construction firm. Currently, your firm is in the midst of a high-profile hotel construction project in the nearby downtown area. Unfortunately, the project’s current construction manager has not had success controlling the schedule and costs. As a result, the project is starting to fall behind schedule and is projecting over budget. The firm’s senior management has been monitoring the project’s progress closely and has decided to remove the current construction manager from the project. They have asked you to take over for him. In a meeting to transition the project over to you, the senior managers stress the importance of meeting the project’s objectives. They reinforce that the project must be completed on or before the scheduled turnover date and that its budget must not be exceeded.
As the meeting ends, the senior managers suggest that you dive into the project. After looking through some of the previous construction manager’s files, you discover that he did not maintain a formal project management plan or project documentation. Realizing that you will need to start from the very beginning, you begin thinking about your plan to manage and control the schedule and the budget moving forward.
How can you change the course of this project and better manage and control costs and time? Justify your response. In addition, be sure to evaluate the models you would use to interpret, track, and predict future trends in cost and time in your response.
