Commercial Management of Projects
A successful construction project is one that is delivered on time, on budget and on quality. These project goals must be balanced against the client’s relationship status and reputation, which will affect the longer-term goals of a contracting organization.
For a contracting organization, a successful construction project will usually be one that produces or exceeds the anticipated return for that business, with the client relationship maintained or improved as a result. The probability of this outcome rises as the project’s commercial controls and commercial management improve through the exercise of mature and practical commercial management techniques.
Managing the contractual and commercial issues of projects, from project inception to completion, is vital in linking operations at the project level and the multiple projects level to the corporate core of a company.