Professional Documents
Culture Documents
Project management is defined under the scope, schedule, and budget triangle. Project
management is the application of knowledge, skills, tools, and techniques for planning,
organizing, directing, and controlling company resources to complete specific goals and
objectives.
There are essentially nine Knowledge Areas of construction project management:
• Project Integration Management
• Project Scope Management
• Project Time Management
• Project Cost Management
• Project Quality Management
• Project Human Resource Management
• Project Communications Management
• Project Risk Management
Project Procurement Management
PROJECT MANAGEMENT FOR THE CONSTRUCTION INDUSTRY IN
PAKISTAN
The construction industry is an important sector of the economy and has multiple backward
and forward linkages with other sectors. The industry contributes significantly to socio-
economic development and employment, and there is a consensus on specific common issues
that plague the construction industry in developing countries.
Project management plays an essential role in every sector. The Pakistani construction
Industry has always been of economic and social significance to the country. That's why
construction project management affects the local and global financial market.
With the recent rapid economic growth of the country, Pakistan now offers a growing market
for the construction industry. The Government of Pakistan has responded to this opportunity
by planning extensive infrastructure expansion programs. All these programs have the
potential to lead the local industry to establish respect, status, and international recognition
when the appropriate efforts are extended to achieve the same. Even with the opportunity for
growth, the challenges will be extensive. The major obstacles to improving the performance
of the Pakistani construction industry were a lack of expertise/resources in construction
project management and its applied areas. A rigid attitude and behavior of executive
management toward quality, safety, and risk management, plus more management and
emphasis on employees' commitment toward project performance, better education, and
training to drive the improvement process, and a tendency to cure the cause of the problem
rather than the symptom. If coordination, teamwork, productivity, and industry performance,
in the long run, is going to improve, then extensive awareness and training programs to
enhance the clients' understanding and approach toward construction project manager must
be initiated without exception.
Keywords: Pakistan, Construction industry, Performance, Risk, Safety, Quality, Delay,
Constructability, Low Bid Procurement, Best Value Procurement, Client Satisfaction Index.
Competition helps drive innovation and lower costs, but finding qualified suppliers can be
challenging, especially the diverse suppliers that many leaders are tasked with identifying to
help meet ESG goals. New AI-powered technology can quickly match qualified bidders to
projects, creating shortlists that include both existing and new, diverse, providers.
2. Reduce risk
Innovative technology can highlight important questions or issues that may have been
otherwise overlooked, ensuring companies address potential risks during the procurement
process and not post contract. Natural language processing can guide users through a
dynamic Q&A and precisely scope services to minimise project creep.
3. Simplify the sourcing process
AI-powered technology enables precise sourcing at scale, simplifying the process for busy
procurement teams. The cumbersome steps of the RFP process, for example, are removed,
freeing employees up to focus on more high-value activities. AI identifies desired business
requirements up front and then offers a shortlist of suppliers exhibiting those characteristics,
making it easy to select the best supplier for each specific need.
4. Eliminate human error
New digital platforms can drastically shorten the amount of time required from scoping a
sourcing need to awarding the work, maximizing efficiency gains. Companies can generate
unprecedented cost savings through precise scoping and curated bidder lists with AI-powered
category expertise, resulting in instant savings of more than 20% at a time when companies
are under pressure due to unprecedented rises in input costs.