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Program management is used in many business sectors such as business transformation, change management, construction, engineering, event planning, health care and information technology. In the defense sector, it is the preferred approach to managing large scale projects.
Capital program management software (CPMS) refers to the systems that are currently available that help building owner/operators, program managers, and construction managers, control and manage the vast amount of information that capital construction projects create. A collection, or portfolio of projects only makes this a bigger challenge.
Construction cost management is a fee-based service in which the construction manager (CM) is responsible exclusively to the owner, acting in the owner's interests at every stage of the project. The construction manager offers impartial advice on matters such as: Optimum use of available funds; Control of the scope of the work; Project scheduling
The CM would advise the architect and owner on cost and construction technology during the design phase and would estimate the total cost. The architect would complete the construction drawings and specifications in phases and the CM would take open, competitive bids for those phases of the work, overlapping the design and construction activities.
Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics.
[1] They are used by a construction manager who is working as an agent to the owner or by the owner itself to carry-out a construction project while mitigating the risks to the scope of work, time, budget, quality and safety of the project. These risks ranges from cost overruns, time delays and conflict among the various parties. [2]
In traditional construction contracts (known as design–bid–build contracts) the principal contractor is only engaged when a detailed design is complete. An invitation to tender is published and a number of contractors will price the construction of the design, from which a single winner will be chosen to complete the works. Contractors are ...
The reference to Lean Construction as a proper noun is not an attempt to falsely distinguish it from other areas that focus on construction project management. It is a proper noun because it refers to a very specific set of concepts, principles, and practices that are distinct from conventional design and construction management practices .