Construction ManagementReport IIIROLE OF A PROJECT MANAGER TO GUIDE AN INVESTOR WANTING TO INVEST 3 MILLION DOLLORS IN A CONSTRUCTION PROJECT IN INDIA

Pushkin Jain

A.P.J. School of Architecture & Planning

VIII Semester, IV YearMARCH 5, 2007ROLE OF A PROJECT MANAGER TO GUIDE AN INVESTOR WANTING TO INVEST 3 MILLION DOLLORS IN A CONSTRUCTION PROJECT IN INDIAThe Building Types or Usages in which the investor can invest the money are as follows-

HOTEL

HOSPITAL

MALL

HOUSING

HOTEL

A Hotel is a building type which comes under the Tourism Sector and thus requires high maintenance facilities. The construction type of the Hotel is generally modular type with the layouts of the rooms being variable according to hierarchy.

If the running of the Hotel gives proper and profitable returns in time then this type of a project the project manager can guide the investor and make him aware of the project intricacies make it a profitable venture for him.

HOSPITALA Hospital is a building type which comes in the Health Care sector and thus involves up to date facilities and equipments.

Proper care should be taken to make the goodwill of the Hospital by either tying it with an existing chain of renowned Hospitals or launching the hospital as a specialty hospital with all the latest facilities and equipments to match its standard the existing ones.

It is here that the role of a project manager comes into picture as he is the person who can make the investor aware of all the market trends and financial monitoring involved.

MALL

A MALL is an entertainment zone which requires proper planning to commission before and during its course of construction.

The financial returns from a Mall can be easily gained by selling or making one part of the building sellable and functional to the buyers so as to raise funds even before the construction starts or other zones are complete.As soon as the plans are finalized the prospective buyers can be lured to buy shops and other commercial areas in a Mall to make the liquidity or to raise funds.

The project should preferably be in a prime location so that the value of the Mall is also accordingly perceived.

Thus in this type of a project the investor has easy and early returns. For this purpose proper marketing by a marketing agency or a well settled builder in the market is required.

HOUSINGA HOUSING project is a Residential type of a project. It involves proper planning in terms of management as due to the involvement of lot of legalities and bye laws have to be taken care of.The government provides subsidies for residential projects so the project manager can make the investor aware and guide him to invest in such a project type.

Though the restrictions due to many stringent rules make it difficult for the investor to get easy and fast returns.

ROLES OF A PROJECT MANAGER IN DECISION MAKINGPlanning, organizing, staffing, loading, scheduling and controlling are the basic functions of management.

Each of these functions clearly involves decision making as to which plan to implement what goals to achieve and what ways to use.

THE PROCESS OF PROJECT MANAGEMENT OF A PROJECT INVOLES FOLLOWING STEPS-

IDENTIFY-

The first step involves the identification of the central problem of the project

DEVELOP ALTERNATIVES-

The second step involves the development of alternatives for a particular problem ANALYSE ALTERNATIVES-

The third step is to analyse the different alternatives of a particular problem analysing both positive as well as negative alternatives for the same

MAKE FINAL DECISIONS-

The fourth step is to make final decisions after analysing the alternatives and before starting any particular work

THE ROLE OF A PROJECT MANAGER AT ALL LEVELS AND STAGES IN A PROJECT IS TO

Define the work to be performed

Develop realistic schedule and cost estimates based on the resources and times available to perform the work

Determining application of resources to achieve the best and reduced time and cost schedules and technical performance objective Identify areas which can create delays or cost overruns in time to permit corrective An organization to be setup consisting of various departments for the smooth and proper execution of the project

Finalizing the budget of the investor and getting funds available for the project

Finalizing the time of the completion and the time in which the investor wants financial returns back from the investment

The preliminary land analysis is done which consists of-

AVAILABILITY OF LAND

RATE OF THE AVAILABLE LAND

LAND USE OR THE BUILDING USAGE