+39 346 799 9341 mail@romanas.it

What is real estate project management

Real estate project management is the main activity carried out by Romanas Real Estate and consists of the global management, management and coordination of human resources and materials to be used for the duration of a real estate project.

The BusinessDictionary defines a project as a »«. A project, then, could be something outside or in addition to the company norm for a typical business day. Perhaps a business upgrade, financial need or client request may be the catalyst for a project’s origination.

Projects have a definite goal or objective and they represented something specific that needs to be accomplished. It can be called also, deliverable. Project represent a specific task, which is not routinely done. A house would be built only ones. Projects take a certain amount of time to complete - they have specific beginning and end, and have their own schedule. Project use resources such a labour money and/or equipment.

The Real Estate Project manager

Forecasting and planning
Organization
Execution
Coordination
Closing

The 5 phases of real estate project management

A project manager is the person who leads the project team who together accomplish the project goal. Sometimes also an employee who plans and organizes the resources necessary to complete a project.
Work toward learning to multi-task well, developing effective soft/people skills and completing routine assignments satisfactorily and on time.
The Project Management is »«
The parameters of a project will include a clear goal to be reached, so by nature, projects include a start and finish line to accomplish a unique, particular outcome. This short-term undertaking will require a specified timeline, clear scope, designated budget and human capital resources that include a project team and manager.

Chi siamo

Choosing the best project manager for the job can mean the difference of the project’s success or failure. This manager plays a crucial part in taking any project from concept to completion. He or she must have both technical and soft skill expertise to orchestrate every detail that goes into the composition of the project strategy. Mistakes result in missed milestones, wasted time and money.
The team lead must have strong critical thinking skills to anticipate any risks so that they can create preventative measures along the way. A project manager must be able to articulate what each team member’s goals and precise lines of communication are. As you can imagine, successful projects do not just happen. A successful Project Manager would be an established leader, possessing good communication, conflict resolution, time management and critical thinking skills.

Forecasting and planning

In this phase, the idea of the project is evaluated together with the owner and the technical staff: Is it feasible? Will the owner get benefit from it? If the answer to all these questions is yes, then you can begin to define the scope of the project or the results to be obtained, and to identify potential partners.

Organization

In this crucial phase, the guidelines of the project are outlined. These include: setting concrete goals and objectives, estimating costs, defining the scope of actions and the results to be achieved.

Execution

In most cases, execution is the moment when the project becomes visible. This phase usually begins with a meeting where each team member is informed about the activities that they are responsible for and the details of the project. At this stage we focus on creating comprehensive and accurate documentation.

Coordination

This phase often overlaps with the execution phase. During a project, the status of deliveries will need to be monitored and team meetings will be scheduled on a regular basis to ensure that they remain in line with what is expected. In this phase it is necessary to stay alert for possible deviations from the predefined objectives.

Closing

A project is concluded when the complete product is formally delivered and all the stakeholders are informed. But before this happens, it is advisable to bring the team together and evaluate the project together: what worked, what could have been better? This will avoid similar errors in the future and will allow the establishment of more stable processes and more efficient teams.