developing a project execution plan on the guidelines of pmbok for a real estate project
B. Shyamala,P.S Kothai
Published in International Journal of Advanced Research in Civil,Structural,Environmental and Infrastructure Engineering and Developing
ISSN: 2320-723X Impact Factor:1.7 Volume:1 Issue:2 Year: 08 March,2014 Pages:60-66
Abstract
Construction is the second largest economic activity in India after agriculture and remains with the continuation of development process. These Construction activities require lot of pre and post planning. Construction Project Manager has the overall responsibility for the successful initiation, planning, design, execution, monitoring, controlling and closure of a project. This study focuses on developing a project execution plan with the guidelines of Project Management Body of Knowledge (PMBOK). The nine knowledge areas of project management which control deflect or mitigate the efforts of any occurrence or situation that could affect the project success. The Project Execution Plan (PEP) may be a development of the business case and the strategic brief. Any project can only be successful if all aspects of Project Management are well thought of in advance and an executable plan is prepared that express identified risks, uncertainties, key success factors, resource availability etc. Project Execution Plan is a key document that can act as a warning during project execution if drafted properly complying with the triple constraints. For developing a better and improved execution plan, a detailed survey was conducted on the “Project Execution Plan” with different companies. Through the survey analysis, development of improvised Project Execution Plan for a Real Estate Project was successfully established.
Kewords
Project planning/ monitoring/ control, Project Management, Execution Plan
Reference
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