Professional Documents
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CONSTRUCTION MANAGEMENT
Submitted by:
BS Architecture – CEAT-901P
2019-103539
Submitted to:
the Philippines. Identify issues, challenges, and suggest measures to solve or improve
them.
comprehensive technique with the purpose of competing projects on the given time and
budget. The construction and real estate are the key drivers that contributed to the rapid
growth of the project management industry in the Philippines. Hence, the estimated
construction market in the Philippines in 2022 was $59.4 billion, with an average annual
growth rate (AAGR) of more than 7% predicted from 2024 to 2027. Furthermore,
according to a recent World Bank assessment, the Philippine economy maintained its
high development momentum into early 2020. The government's ambitious "Build,
Build, Build" infrastructure initiative is partly responsible for such economic growth,
aim to boost the economy's productivity, create employment, raise incomes, and
specifically, the "Build, Build, Build" project aims to increase infrastructure spending to
7.4 percent of the country's gross domestic product (GDP) by 2022, up from 5.1 percent
in 2016.
RIZAL TECHNOLOGICAL UNIVERSITY
COLLEGE OF ENGINEERING, ARCHITECTURE, AND TECHNOLOGY
ARCHITECTURE DEPARTMENT
whether the Philippines can maintain enough supply of trained and unskilled labor to
complete BBB and other projects on time, despite claims that significant construction
firms are seeking the DOLE's assistance in locating thousands of workers. Moreover,
the best Filipino professionals emigrate for higher wages, and those who stay in the
country demand extremely high pay. To fully utilize our people, we must first understand
what is essential to them, what the industry requires, and how to combine these two
interests to create an overall solution. They should meet the demand for salary to attract
competent and skilled project managers and invest in training and development for
regard financial concerns as one of the most significant barriers to good project
as the most difficult project management obstacle. A manager can avoid frequent
project problems and aim for better and faster results by managing costs effectively. It is
and make realistic assumptions to avoid cost overruns. Planning the project scope must
be done keeping in mind the budget in hand. Else, budget limitations could threaten the
assumptions. The project scope must be planned while keeping the budget in mind.
Otherwise, budget constraints could jeopardize the success of a badly budgeted project.
risk management, having the foresight to identify probable 'what if' scenarios and devise
exactly as planned since there are so many factors that might lead to an infinite number
of outcomes. Every project manager is responsible for devising backup plans for the
team to follow if the project begins to spin out of control. Having a project risk
management system in place aids in detecting and reducing risks. It is vital to have a
backup plan in place. This strategy should identify all hazards and the appropriate
functions extremely well when each member feels accountable and strives to
accomplish the task that has been allocated to them. A team member's lack of
accountability can sink a whole endeavor. How to cope with it: Effective project
managers delegate duties to team members and guide the team toward the common
goal of finishing their project effectively. It is critical to have a project tool that allows
pool begins with involvement at all levels, chasing and nurturing talent that aligns
RIZAL TECHNOLOGICAL UNIVERSITY
COLLEGE OF ENGINEERING, ARCHITECTURE, AND TECHNOLOGY
ARCHITECTURE DEPARTMENT
with unique culture, and tying generational cohorts together for an overall result