Vasili Trohin’s Post

Risk management is crucial in construction projects but is hindered by digital fragmentation, where multiple unintegrated software solutions create inefficiencies. Valideit from Stanza Technologies offers a unified platform that consolidates project information and workflows, enhancing collaboration and real-time data access. This integrated solution helps construction teams manage risks more effectively, ensuring project success by improving efficiency and decision-making. #StanzaTechnologies

The 5 project management controls: 1. Schedule: Increasing visibility into your project schedule helps you know you’re proceeding along your project timeline. 2. Resource: Every project depends on resources—things like time, money, or project team member availability. 3. Risk: Project risk management is a crucial project control to proactively identify and prevent risks from derailing your project. 4. Change: Change control is one of the best ways to prevent project scope creep, which can lead to timeline delays, increased budget, and project defects. 5. Performance: Performance management is the broad process of monitoring your project’s success.

# Ten Knowledge Areas -Integration Management( Develop Project Management Plan). -Scope Management(Define Scope & Create Work Breakdown Structure). -Schedule Management(Define Activities & Sequence & Estimating the Duration & Develop Schedule). -Cost Management Develop Cost Management Plan & Estimating Cost &Determine Budget). -Quality Management (Develop Quality Management Plan). -Resources Management ( Develop Resources Management Plan & Estimating Activity Resources). -Communication Management. -Risks Management Develop Risks Management Plan & Identify Risks & Qualitative and Quantitative Risks Analysis & Develop Risk Response Plan). -Stakeholders Management. -Procurement Management.

Efficient Time Management Strategies for Completing Project Deliverables Ensuring quality management is prioritized can lead to economic advantages and long-term sustainability. Implementing effective strategies for managing time and adhering to project schedules can greatly enhance overall efficiency. Integrating risk management practices helps mitigate mistakes and potential legal issues. Efficient allocation of resources is essential for maximizing productivity. Consistently upholding quality standards within designated timeframes can boost stakeholder trust and contribute to successful project outcomes. The incorporation of quality management, time management, risk management, adherence to schedules, and optimized resource allocation are all vital components for successful project completion.

Project management stages encompass initiation, planning, execution, monitoring and controlling, and closing. In initiation, project objectives and key stakeholders are identified. Planning involves detailed outlining of tasks, resources, schedule, and risk management strategies. Execution is the stage where project activities are performed, monitoring ensures progress aligns with the plan, and closing formalizes project completion, including final deliverables review and documentation.

Project management is the process of planning, organizing, and overseeing a project to achieve specific goals within set constraints, such as time, budget, and resources. It involves coordinating various tasks, people, and resources to ensure that a project is completed efficiently and successfully. The key aspects of project management include: 1. Defining Project Goals: Clearly setting out what the project aims to accomplish. 2. Planning: Outlining the steps needed to reach the goal, identifying tasks, timelines, and resources required. 3. Organizing Resources: Ensuring that people, materials, and budgets are allocated appropriately. 4. Executing: Guiding the team and managing tasks according to the plan, while staying within scope and budget. 5. Monitoring and Controlling: Regularly tracking progress to identify and address any issues, making adjustments to stay on course. 6. Closing: Reviewing the project after completion, analyzing

Key Concepts of Project Management   👉 Scope Management**: Clearly defining what is included in the project and what is not is crucial to avoid scope creep (uncontrolled changes or continuous growth in a project’s scope).   👉Time Management: Developing a timeline and scheduling tasks to ensure timely completion.   👉Cost Management: Estimating, budgeting, and controlling costs to keep the project within its approved budget.   👉Quality Management: Ensuring that the project's deliverables meet the required standards and stakeholder expectations.   👉Risk Management: Identifying potential risks, analyzing their impact, and planning responses to mitigate them. #projectmanagement

The organization must have a project plan with the possibility of predicting this plan. Commitment to the project budget and established timelines. Identify and terminate projects that have no business value. Improving collaboration between the project team. Identify and plan for potential risks. Project manager tasks during the planning phase There are a set of tasks that the project manager must complete during the planning stage with the help of his team, the most important of which are the following: The process of identifying project stakeholders. Develop a project management plan. Plan, define and develop necessary schedules, activities, and resource estimates. Planning, estimating costs and setting budgets. Planning and defining quality requirements. Identify potential risks, conduct qualitative and quantitative risk analysis, and work on planning risk mitigation strategies. Plan and determine the tools required. Project manager tasks during the implementation and follow-up phase The following points explain some of the project manager’s tasks during the implementation and follow-up phases: Directing and managing all work included in the project plan. Select, develop and manage the project team. Taking the necessary measures to secure the necessary purchases to work on the project. Monitor and control project workflow and manage any necessary changes.

# Ten Knowledge Areas -Integration Management( Develop Project Management Plan). -Scope Management(Define Scope & Create Work Breakdown Structure). -Schedule Management(Define Activities & Sequence & Estimating the Duration & Develop Schedule). -Cost Management Develop Cost Management Plan & Estimating Cost &Determine Budget). -Quality Management (Develop Quality Management Plan). -Resources Management ( Develop Resources Management Plan & Estimating Activity Resources). -Communication Management. -Risks Management Develop Risks Management Plan & Identify Risks & Qualitative and Quantitative Risks Analysis & Develop Risk Response Plan). -Stakeholders Management. -Procurement Management.

How do cost control and change management relate to cost management? Cost control and change management are two important aspects of cost management, as they help you ensure that the project costs are aligned with the project objectives and expectations. Cost control is the process of monitoring and regulating the project costs, by measuring and comparing the actual costs and performance against the cost baseline, and taking corrective or preventive actions to avoid or minimize cost overruns or underruns. Change management is the process of managing the changes that affect the project costs, by following a systematic and formal procedure to evaluate, approve, and document the changes, and update and revise the cost baseline and the budget accordingly. Cost control and change management are interrelated, as any changes that impact the project costs need to be controlled and managed, and any deviations or issues that arise from cost control need to be addressed by change management.