2A — August 16 - 29, 2013 — Mid Atlantic Real Estate Journal MAREJ A DVERTISERS D IRECTORY ALT Realty ...................................................... 13C Asset Preservation ............................................ 3A B.R. Kreider & Son ........................................... 7C Barley Snyder.................................................... 8C Barton Partners ............................................ FC-C Bayshore Recycling ........................................... 8B Beacon Commercial RE .................................... 4C Bennett Williams ............................................ 14C Bergman RE Group........................................... 6B Bernardon Haber and Holloway ...................... 6A Billboard Directory ............................................27 Brasler Properties ............................................. 1C Business Card Directory................................. 25A Bussel Realty Corp......................................... IC-B Commercial Mortgage Capital ....................... 19A Cooper Horowitz.............................................. 21A Deerwood Capital............................................ 20A Earth Engineering ............................................ 6C Energyworks ..................................................... 4C Fortna Auction .................................................. 4A G William Group ............................................... 7B Gebroe-Hammer Associates............................ 11B Gerber/Somma Associates ................................ 1B Goal Point Realty ........................................... IC-C GREP ............................................................... 14C Harvey Hanna & Associates........................... 10A Heller Industrial Parks .................................. 10B Healthcare Facilities Solutions ........................ 1A Hinerfeld Commercial RE .......................... IBC-C Investors RE Agency ......................................... 3C Investors RE...................................................... 3A Jewel Electric Supply Co. ................................. 5A Kaplin Stewart .................................................. 2A Kearney Federal.............................................. 12A Keast & Hood Co. ............................................ 15C KW Comm’l.- The James Balliet Comm’l. Grp.6C Landcore Engineering Consultants ............... 13C Liberty Environmental ..................................... 2C LMS Commercial RE ........................................ 8C M. Miller & Son................................................. 5A Madison Capital ............................................... `8A McMahon ......................................................... 11C Mericle Commercial RE Services .................BC-C Meridian .......................................................... 15A NAI Summit .................................................... 12C Nave Newell ...................................................... 7C NorthMarq....................................................... 17A PA Housing ...................................................... 13A PennCap Properties .........................9C IBC-BC-A Poskanzer Skott Architects .............................. 3B Productive Painting .......................................... 2B Provident Bank .............................................. IC-A Real Property Capital ..................................... 18A Regal Bank .................................................16A,3B ROCK................................................................. 2C SEBCO Laundry Systems ................................ 2B Security Resources ............................................ 9B Sheldon Gross Realty........................................ 4B Sorce Companies ...........................................BC-B Target building Construction ......................... 11C The Green Group ............................................ 14A The Kislak Company ........................................ 4B Thompson Mangement ..................................... 2B Warfel Construction .......................................... 9C Wolf Commercial Real Estate......................... 10B
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Mid Atlantic Real Estate Journal
Mid Atlantic R eal e state J ouRnal Publisher ............................................................................ Linda Christman Publisher ............................................................................... Joe Christman Section Publisher ................................................................ Elaine Fanning Section Publisher .................................................................... Steve Kelley Associate Publisher .......................................................Janine Hennessey Senior Editor/Graphic Artist .................................................Karen Vachon Office Manager ................................................................... Joanne Gavaza Guest Columnists ........................................... J. Glenn Ebersole, Jr., P.E.; ..........................................................Scott Saunders and Pamela Michaels Mid Atlantic R eal e state J ouRnal ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 25 Issue 13 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
By J. Glenn Ebersole, Jr., P.E. The Importance & Power of Project Mgmt. in Today’s Business Environment
W
hy is project man- agement important and what awesome
power exists with project man- agement in today’s business environment? The first reasons that come to my mind about why project management is im- portant (based upon more than 35 years of my personal project management experience) are: tighter budgets; diminish- ing resources; more and more time constraints; increasing regulations and documentation requirements and competition to improve the ways we do busi- ness. The awesome power of project management makes it possible to focus on priorities, track and measure perfor- mance, overcome challenges and problems, become flexible enough to adapt to change and achieve higher performance and a higher probability of suc- cess 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 busi-
ness environment when one considers the consequences of the absence of good project management or when project management is poorly applied to projects. Here are some of the that can be experi- enced 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; continu- ous changes in project scope; forgotten key tasks; lack of securing project approvals & permits; poor morale of team;
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