Project management is a specialist role in the project development process with responsibility for the project management plan and project delivery according to the budget plan and construction project schedule. It calls for the management of commercial risk by managing the contractual arrangements and checking deliverables to ensure compliance with agreements.
A construction project manager (CPM) is tasked with planning, coordination, budgeting, supervision and running the construction project. The project manager oversees the day-to-day work of the project team, ensures that the construction works meet building codes and specs, controls costs, and proceed according to the project management plan.
The is the documentation for project delivery that lays out the strategy for managing a project, it outlining roles and responsibilities and defines the policies, procedures and priorities to be implemented. They are generally prepared either by the project development manager or project manager.
Where the developer appoints or employs the project manager, the project manager is directly responsible to the developer. Where the developer engages a development manager for overall project management, the development manager assumes the project management function or appoints the project manager.
When engaged directly by developers, project managers are commonly also charged with setting the parameters, finances, and calendar; screening and hiring subcontractors and on-site workers; the strategy for potential conflict resolution; and resolving disputes, mitigating risks and understanding legal issues.
Project managers rarely participate directly in construction. Instead, they aim to maintain the progress and interaction of the project teams in order to control cost, maximize benefits to the developers, and reduce the risk of failure.