5 Crucial Phases of a Construction Project

According to Austin, a friend of mine from high school days, he shares with me one day, that dealing with various construction companies throughout the year, that every construction project has 5 crucial stages. These are the most important phases to pay keen attention to during a construction project. They are as follows.
Initiation
This is the initial stage of a construction project. It involves the evaluation of the work to be done. During this stage, the project manager and the owner conduct an extensive feasibility study. This involves the examination of the project to determine whether it aligns with the set objectives in different phases. The feasibility test determines whether a construction project is worth pursuing.
Planning
Construction project planning follows the initiation phase. This stage entails the identification of the work to be done. The involved team comes up with a road map for the project. The required resources are also identified. What’s more, the strategy for acquiring them is also formulated.
Project planning also involves setting specific, measurable, attainable, realistic, and timely goals. Construction project goals should also be collaborative, limited in their scope, emotional, capable of being refined, and appreciable. A construction project plan should also outline the tasks, time frames, and dependencies. A budget should also be included in the plan. This should include cost estimates for labor, materials, and equipment.
Execution
This phase of a construction project requires most of the time. Communication is very important during this phase. The stipulated budget should also be followed. To be successful, the execution phase should include a professional team, properly allocated resources, task assignments, status meetings, management plans, project schedule updates, tracking systems, and project plan modification.
Monitoring of Performance
At this phase, the project manager monitors the performance of the involved teams. It’s focused on ensuring that quality is not compromised in any way. The project manager ensures that the involved teams stick to the stipulated budget and maintain their peak performance. What’s more, project managers ensure that quality deliverables and project objectives are met.
Closing
This is the final phase of a construction project. It entails reviewing the work done and comparing it with the objectives set when starting the project. Once confident that everything has been done according to the expectations of the client, necessary documents are handed over to the owner. The contract is terminated once the client confirms their satisfaction with the project.
If you have an upcoming construction project, make sure that it goes through these phases. …