realization of its goals. It is also defined to be the efficient use of input to produce the desired output. Manpower Methods Machines Money Materials Moment INSTITUTIONAL & RESIDENTIAL COMMERCIAL It involves building, repairing, This type of construction encompasses and remodeling of structures for the purpose projects schools, sports arenas, shopping of housing people, supplies, or equipment. It centers, hospitals, stadiums, retail stores, and includes apartments, townhomes, condos, skyscrapers. Like the residential housing nursing homes, dormitories, etc. Also, garages construction, institutional and commercial and outbuildings like utility sheds are building involves both putting up of new considered as residential constructions. structures and repair and maintenance of existing structures. Residential construction also involves repair and installation of utilities like water as electricity around the structure. INFRASTRUCTURE & HEAVY SPECIALIZED INDUSTRIAL CONSTRUCTION This entails building structures that require a This encompasses building and upgrading of high level of specialization as well as technical railways, communications, and roads, railways skills in planning, construction, and design. to the surroundings of a city or existing Typically, this type of construction is carried building construction. It is usually done due to out by for-profit or industrial corporations. the public interest and is often executed by For instance, a chemical industry can build oil government agencies and large private refineries, and power generation industry can build structures nuclear power plants and corporations. hydroelectric power plants, which are Some other projects that fall under this type of examples of specialized industrial construction include tunnels, bridges, constructions. highways, transit systems, drainage systems, and pipelines. Project Management Cost Management Time Management Quality Management Contract Administration Safety Management PROJECT MANAGEMENT COST MANAGEMENT
Secure project bids Create accurate
Use the right estimates construction Plan, monitor, and methodology control the budget Create and execute an effective construction management plan TIME MANAGEMENT QUALITY MANAGEMENT
Plan project schedule Define quality
effectively: standards and draft an Have a risk assurance plan management plan Implement quality control procedures CONTRACT ADMINISTRATION SAFETY MANAGEMENT
Devise a Identify safety hazards
communication plan and improve Manage contractual awareness documents Use technology to mitigate risks Integration Resources Scope Communication Schedule Risk Cost Procurement Quality Stakeholder