Construction Management
Construction management is a service provided by professionals to ensure that the time, money, quality, safety, scope, and function of a building project are all managed efficiently on behalf of the owner(s). Any way of delivering a project can work in tandem with construction management. Construction managers (CMs) are accountable to the project's owner and its completion in any context. The three main players in a capital project are the owner, the contractor, and the subcontractor (not counting the CM). CMs have the knowledge and experience to collaborate with the owner, architect, general contractor, and other stakeholders to establish a safe and secure project environment, create a clear schedule and budget, and assist the owner in managing risk. That necessitates familiarity with building practices and the application of project management information systems (PMISs), and complicated planning approaches such as the critical path method. One study by McGraw-Hill Construction in 2013, with funding from the CMAA Foundation, found that hiring experienced CMs resulted in cost savings, fewer or less severe issues, and better overall quality for building owners. Competent project managers adhere to best practices established by the industry. Schedule, cost, safety, quality, function, and scope are all aspects of construction management services that are covered by the CM Body of Knowledge and Standards of Practice.