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Last updated on 2024年7月13日

Here's how you can ensure timely project delivery as a project manager in Corporate Real Estate.

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Ensuring timely project delivery is a critical aspect of being a project manager in Corporate Real Estate. The ability to deliver projects on schedule reflects your competence and reliability, and it can significantly impact your career and the success of your company. Corporate Real Estate involves managing the real estate assets of a corporation, which includes acquiring, disposing of, and maintaining properties. As a project manager, you have to oversee these processes and ensure that each project reaches completion within the stipulated time frame. By understanding the nuances of project management within this field, you can navigate the challenges that come with it and lead your team to success.

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Abhishek Kumar, PMP

Project Control Director at AECOM

1 Planning Ahead

Effective planning is the cornerstone of any successful project. You need to establish clear goals, timelines, and milestones for your Corporate Real Estate project. Early planning allows you to anticipate potential challenges and allocate resources appropriately. It's crucial to have a detailed project plan that outlines each phase of the project, from initial concept to final execution. This plan should be revisited and updated regularly to reflect any changes in scope or unforeseen obstacles.

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Abhishek Kumar, PMP

Project Control Director at AECOM
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A successful project is one which is on time and within budget. Key factor effecting this are changes leading to variation which can have time and cost impact. Thus we need to establish clear goals, realistic timelines and KPI at the commencement of project. This should be basis of development of detailed project execution plan.

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2 Team Dynamics

The team working on your Corporate Real Estate project can make or break its success. As a project manager, it's your responsibility to assemble a team with the right mix of skills and experience. Ensure that each team member understands their role and the project's objectives. Foster a collaborative environment where communication is open and problems can be addressed promptly. Regular meetings and updates will keep everyone aligned and focused on the project's milestones.

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Abhishek Kumar, PMP

Project Control Director at AECOM
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Getting the right team is key for success for any project. Role and responsibility along with KPI's on which they will be evaluated should be finalized at the beginning. Team should be selected based on their talent, local experience and ability to work as team.

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3 Risk Management

In Corporate Real Estate, unexpected issues can arise that threaten the timely delivery of your project. To mitigate these risks, you need to identify potential problems early on and develop contingency plans. A robust risk management strategy involves regularly reviewing and assessing risks throughout the project's lifecycle. By being proactive in your approach to risk management, you can quickly adapt to changes and keep the project on track.

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Abhishek Kumar, PMP

Project Control Director at AECOM
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Risk Management is key to success of any project. In the global landscape risk management is more complex as projects are open to risk for events happening across the globe. Thus establishing risks and buffer at the start is crucial. Risk to be evaluated periodically (Biweekly / monthly) to have effective management.

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Prashant Srivastava

CMD.PRASHANT INFRAHOMES & DEVELOPERS PVT.LTD. Real Estate Builders & Developers / Entrepreneur / investor
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Real estate project management is essential for recognizing and controlling project-related hazards. The project manager collaborates closely with the customer to identify potential risks, evaluate their potential effects, and create mitigation techniques to lessen their likelihood and effects. This can entail making backup plans, such as choosing different contractors or suppliers in case of delays or other problems. To reduce surprises and unanticipated delays, the project manager also ensures that all stakeholders know potential risks and their mitigation techniques.

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4 Client Communication

Maintaining open and clear communication with clients is essential in Corporate Real Estate project management. Clients should be kept informed about the project's progress, any delays, and the steps being taken to address them. Effective communication builds trust and can help manage client expectations. It's important to establish regular check-ins and be responsive to client inquiries and feedback.

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Abhishek Kumar, PMP

Project Control Director at AECOM
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Maintaining truthful and open communication with client is key. Client should be made aware of current progress, forecast and key risks regularly. Key should be to establish realistic expectation for the project.

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5 Time Management

Time is a precious commodity in project management. To ensure timely delivery, you must manage your time and your team's time efficiently. Prioritize tasks based on their impact on the project timeline and delegate responsibilities accordingly. Utilize time-tracking tools to monitor progress and identify any bottlenecks in the workflow. By staying vigilant about time management, you can avoid unnecessary delays and keep the project moving forward.

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Abhishek Kumar, PMP

Project Control Director at AECOM
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The success of project is dependent on time management, delivery of project on time. Timeline should be realistic and should consider contingency for identified risks.

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6 Continuous Improvement

After each Corporate Real Estate project, take the time to reflect on what went well and what could be improved. This process of continuous improvement allows you to refine your project management skills and apply lessons learned to future projects. Encourage feedback from your team and clients to gain different perspectives on the project's execution. By constantly seeking ways to enhance your approach, you can increase your chances of delivering projects on time.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Arpit Jain

Credit & Risk Analyst - Real Estate Finance
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In Real Estate, timely project delivery is crucial. One critical parameter to ensure this is adequate & timely construction finance. We've seen projects get stuck due to lack of funds, highlighting the importance of: 1. Right mix of debt & equity 2. Planning funds requirement in advance 3. Debt tie-up before commencing construction 4. Factoring in contingencies due to multiple macro factors These parameters, will optimize profits, ensure resource availability & ultimately guarantee timely project delivery.

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Chloe Demontigny-Cote

Gestionnaire immobilier - Copropriétaire Gesco STF inc. Présidente - Fondatrice de l’ECCQ-éleveurs Canins Certifiés du Québec Athlète - Bikini Bodybuilding
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Intégrer des technologies innovantes peut significativement optimiser la gestion de projet immobilier. Explorez l'adoption de logiciels de gestion de projet avancés qui offrent des fonctionnalités telles que la planification automatisée, la visualisation en temps réel des progrès et la gestion des ressources. Les outils de modélisation 3D et de réalité augmentée peuvent également aider à visualiser les conceptions et à identifier les problèmes potentiels avant qu'ils ne deviennent des obstacles majeurs. En embrassant l'innovation technologique, vous pouvez non seulement améliorer l'efficacité opérationnelle, mais aussi renforcer la capacité de votre équipe à respecter les délais et à livrer des résultats de qualité.

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Here's how you can ensure timely project delivery as a project manager in Corporate Real Estate.

1

2

3

4

5

6

7

1 Planning Ahead

2 Team Dynamics

3 Risk Management

4 Client Communication

5 Time Management

6 Continuous Improvement

7 Here’s what else to consider

Corporate Real Estate

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Here's how you can ensure timely project delivery as a project manager in Corporate Real Estate.

1

2

3

4

5

6

7

1 Planning Ahead

2 Team Dynamics

3 Risk Management

4 Client Communication

5 Time Management

6 Continuous Improvement

7 Here’s what else to consider

Corporate Real Estate

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