26A — May 25 - June 7, 2012 — Owners, Developers & Managers — Mid Atlantic Real Estate Journal
www.marejournal.com O WNERS , D EVELOPERS & M ANAGERS By J. Glenn Ebersole, Jr., P.E., Hollenbach Const. The importance & awesome power of project management
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hy is project man- agement important and what awesome
time constraints, and competi- tion to improve the ways we do business. The awesome power of project management makes it possible to focus on priorities, track and measure performance, over- come challenges and problems, become flexible enough to adapt to change and achieve higher performance and a higher probability of success in each project. What do we mean by project management? Project man- agement is a discipline and a process. It is a set of tools and techniques that define a project’s goals, plan all work to
reach the goal, lead the project and support teams, monitor progress and optimize the use of resources (time, people, money, etc.) in order to reach and exceed the customer’s ex- pectations from that project. What is special about project managers? Project manag- ers need to be very skilled in the management of commu- nications, human resources, procurement, quality, time, cost, documentation, systems integration, etc. Project management is very important in today’s business environment when one con- siders the consequences of the absence of good project management or when project management is poorly applied to projects. Here are some of the consequences that can be expe- rienced with the lack of or poor project management: missed deadlines, cost overruns, poor workmanship, conflicts among team members, redoing work to correct errors, unclear direc- tions for the project, continuous changes in project scope, forgot- ten key tasks, poor morale of team, duplication of effort, etc. Because of these potential con- sequences, project management is critical to a project’s success. Effective project management will help: meet or exceed cus- tomer expectations, maximize the use of your resources (time, people, money, space, etc.), bring the project to a successful conclusion on time and within budget, document what was done for any need of future ref- erence, and build confidence in your team for future projects. Glenn Ebersole is director of strategic business devel- opment and amember of the strategic leadership teamat Hollenbach Construction, Inc. in Boyertown, PA. ■ Hill Int’l. provides services to the U.S. Dept. of State MARLTON, NJ — Hill In- ternational has received a contract from the U.S. De- partment of State to provide worldwide cost estimating services. Hill’s contract will pro- vide the State Department with professional services including cost estimating for facility and infrastructure as- sessments, planning studies, requirement analyses, risk assessments and life-cycle costing. ■
power exists with project management i n t o d a y ’ s business en- vironment? The f i r s t reasons that come to my mind about
Quality Endures 856-764-2600 | www.whitesellco.com
Laurel Corporate Center Mt. Laurel, New Jersey
Glenn Ebersole
why project management is important (based upon more than 35 years of personal proj- ect management experience), are tighter budgets, diminish- ing resources, more and more
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