Why is good project management important? Four fundamentals.

In today’s article, you will learn about four fundamental reasons why it is necessary to execute an efficient administration regarding projects in the real estate sector.

In the first place, project management consists of assuming the planning of a specific work from the design phase, considering the organization as the main part and the supervision oriented to first quality results, as an essential key. The possibility of cost reduction and effective compliance with the established deadline are also other components.

The importance of implementing a project management company, such as Mar Azul, is based on:

1. The definition of the periods: This will make the task of organizing the total execution of the project much easier. Mar Azul establishes five essential stages:
   → Conceptual phase;
   → Design phase;
   → Planning phase;
   → Construction phase; and
   → Delivery phase.
2. Estimating the budget: In relation to necessary purchases, personnel expenses and other investments, determining the general costs, from the beginning, helps to save and completely reduce the possibility of excesses. It should be noted that any responsible budget must have an extra allocation of money for any unforeseen situation.
3. The agreement of the schedule: This precept is of vital importance to fix the time ranges and, therefore, to promote a better organization. Delivery time commitments must be fully assumed, so it is necessary to stipulate the dates on which each phase must be fulfilled.
4. The guarantee of the observance of each of the objectives: To have the services of a firm dedicated to project management, with as much experience as Mar Azul, offers the assurance that each purpose outlined will be carried out correctly.