Construction project planning is the act of creating a development plan for a construction project.
In general, the goals of a construction project plan are as follows:
• Define the work tasks of each entity involved in the project.
• Illustrate the relationship between different work tasks and the individual entities that are performing those tasks.
• Make decisions about which technologies will be used to bring about the successful completion of the project.
• Provide a comprehensive assessment of all resources required to complete a project.
• Use the plan to arrive at a timeline and budget for the project.
One of the significant challenges in the construction industry is managing projects with unique requirements and features. However, all projects have the same primary elements such as scope, schedule, and budget. The accuracy of the cost estimation process determines how smoothly a project will run.
Construction cost estimating is a foundational principle in forecasting the cost of construction of a structure. Project owners also use construction cost estimation to determine a project’s feasibility, scope, and the necessary budget allocations. Proper construction estimation practices prevent the contractor from losing money and the client from overpaying.
Building construction is the process of adding structure to real property. The vast majority of building construction projects are small renovations, such as addition of a room, or renovation of a bathroom. Often, the owner of the property acts as laborer, paymaster, and design team for the entire project. However, all building construction projects include some elements in common – design, financial, and legal considerations. Many projects of varying sizes reach undesirable end results, such as structure collapse, cost overruns, and/or litigation. For this reason, those with experience in the field make detailed plans and maintain careful oversight during the project to ensure a positive outcome.
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