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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.
The report was written by Mark Farmer, the founding director and CEO of Cast Consultancy [1] and an expert with 25 years' experience in the construction industry. [2] It had been commissioned through the UK Construction Leadership Council at the request of the departments for Communities and Local Government (CLG) and for Business, Energy and Industrial Strategy (BEIS).
For example, the construction industry, which focuses on the delivery of things like buildings, roads, and bridges, has developed its own specialized form of project management that it refers to as construction project management and in which project managers can become trained and certified. [17]
Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment. [1] Project planning can be done manually or by the use of project management software .
Monitoring project progress and health by monitoring the consumption rate of the buffers rather than individual task performance to schedule. CCPM planning aggregates the large amounts of safety time added to tasks within a project into the buffers—to protect the due-date performance and avoid wasting this safety time through bad multitasking ...
The construction project manager is sometimes referred to as an "Owner's Representative." The CM's role is to represent the interests of the Owner throughout the various phases of a project beginning as early as feasibility studies and conceptual planning of the project. Construction Managers help to inform good decision making on behalf of the ...
Integrated Project Delivery seeks to involve all participants (people, systems, business structures and practices) through all phases of design, fabrication, and construction, with the goal of improving project efficiency and reducing "waste" in project delivery (i.e. any processes that do no directly add value to the final product).
The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and ...