Through project management, all conditions necessary to maximise the value of the property are examined. A project management team is established based on the location of the property and the institutions it is affiliated with. The fundamental objective of project management is to ensure stakeholder satisfaction by achieving the project’s goals under the defined criteria (scope, time and cost). Project management organises complexity, reduces uncertainty, and enables a large undertaking to be successfully completed by breaking it down into smaller, manageable parts.

1. Time Management: Managing Time and Progress

• Creating a Work Schedule: It creates a detailed calendar (Gantt chart) showing when thousands of tasks such as excavation, concrete pouring, rough construction, finishing work, and mechanical/electrical installations will start and finish.
• Preventing Delays: It enables proactive measures to be taken by anticipating supply chain disruptions, adverse weather conditions or equipment failures, thereby aiming to deliver the building on schedule.

2. Budget Management: Controlling Costs

• Budget Planning: Prepares a detailed cost estimate and budget plan for materials, labour, subcontractor services and permits.
• Cost Tracking and Control: Actual expenditures are regularly compared against the budget. Corrective actions are implemented in a timely manner to prevent any budget overruns. This ensures the profitability of the project.

3. Quality Management: Ensuring Quality and Standards

• Compliance with Specifications: Checks that the materials used (cement, iron, insulation, etc.) and the workmanship (concrete strength, wall smoothness) comply with the project and legal standards (earthquake regulations, TSE).
• Workmanship Inspection: Ensures that all work performed meets the quality standards specified in the drawings and specifications.

4. Risk Management: Managing Security and Risks

• Risk Analysis: Identifies potential risks on the construction site (workplace accidents, weather conditions, permit delays, supplier bankruptcy) in advance.
• Safety Protocols: Ensures the implementation of occupational safety rules (use of helmets, safety harnesses, scaffolding safety). Project management plays a vital role in preventing injuries and fatalities on construction sites.

5. Stakeholder Management: Coordinating Communication

• Information Flow: Facilitates the exchange of information and coordination between various parties such as architects, engineers, subcontractors, suppliers, legal institutions and investors.
• Meetings and Reporting: Regular progress meetings are held to ensure everyone has up-to-date information on the status of the project.