The 6 Pillars of Project Management that Boasts its Necessity in any Economic Infrastructure

Project Management

Apart from innovation and strikingly unique designs, economic infrastructure bears a huge responsibility towards the people who will be using it in their daily lives. Proper execution of construction of a highway, a bridge, a railway route, etc, offers durability that further strengthens and guarantees security.

Project management makes sure that maintaining the pre-planned design, the construction of infrastructure is completed within the planned duration and budget while verifying the methods and materials used as both environmentally and legally viable.

The following are six crucial verticals that make project management an irrefutable necessity in building economic infrastructure.

1.  Structured Planning Process

An infrastructure project is all about strategic planning considering the bigger picture and setting realistic expectations. It’s important to conceptualize wisely while keeping in mind cost estimation, resource management, environmental clearances, construction contract, laws related to land acquisition and so on. A project management service helps to strategize a structured plan for the project by taking care of all the parameters addressed above.

structured planning process

2. Engineering Evaluation

Project management services not only incorporate execution and monitoring but also engineering review services to maintain the right standards. This ensures that the implementation of the project is aligned with the different levels of designs and their specifications, and objectives as per contract agreements.

engineering evaluation

3. Stakeholder Management

A successful implementation of any project starts with effective communication where all the key stakeholders are on the same page. Through timely meetings, a good project manager ensures every stakeholder is updated with critical information regarding all phases of execution to avoid future conflicts.

stake holder management

4. Smart Execution & Implementation

It’s important to segregate a project in stages to have a transparent and smooth process of completion while adhering to deadlines. Project managers ensure that the execution is in sync with the budget, time, quality and objectives. They proactively monitor and maintain quality control, while keeping stakeholders informed right from the inception to completion of the project.

project execution

5. Risk Assessment And Management

There is always a 99% chance of encountering an issue when working on an infrastructure project. Right from land acquisition problems to political interference, multiple clearances to poorly coordinated workforce – the complexity is real. This is exactly where a project management team takes control to make qualitative and quantitative risk analysis to improve the plan with their expertise. Risk mitigation can help you identify, manage and reduce potential threats to ensure successful project completion.

risk management

6. Construction Supervision and Quality Control

Executing a construction project is not a small feat. It requires constant monitoring and quality control. Project Management services can ease the process by supervising the execution from time to time and maintaining project control on-site. They also make sure that the construction of a particular infrastructure is aligned with the objectives, deadline, and desired standards of design and planning.

construction supervision

Economic infrastructure plays a pivotal role in a country’s development. It is the basic framework that establishes trade, transport and communication via land, water, and/or air. An expert management of its construction is, therefore, crucial to ensure its functionality and longevity.