If you are personally working on your own home with regards to construction, you want to save as much money as you can. Perhaps your family and friends are helping you with the remodeling of your home. This is a great way for family and friends to get together in this ever so busy world.
Q. What does interim occupancy mean? A. Many people don’t know this but when you buy pre construction, there is a period of time where you may have to pay a fee called an “occupany fee” to the builder. This monthly fee is paid to the builder until the building registers with the Land Registry Office. You are able to occupy the unit during this period but technically do not own it yet, until the date of closing. This fee can be compared to rent as it does not go towards your mortgage and is based on the unpaid balance of the purchase price, estimated land taxes and estimated common expenses (maintenance fees).
When these layoffs occur, you have many people out of work. When you have people from the Project Management industry out of work, they typically try to stay within the industry somehow. Therefore, what you end up with is possibly a construction engineer job being taken by a person who used to manage a job site. In addition, you will have a site electricians position being applied for by a plumber. It is not uncommon for people to switch trades when jobs are scarce.
Once the project work is underway you will need to ensure the work is being done! This means constantly managing, tracking an coordinating tasks. It is important to have regular updates with your project team and with your customer. A project that has regular project meetings will run much more smoothly. People have a greater sense of responsibility and accountability when they know they need to attend a meeting about it. It helps give your project team a bigger picture of the overall project and the importance of their work in the project. You’ll also be much better informed about issues and potential issues.
Certainly, project budget and schedule slippages cost money. But how much money? If we could calculate these costs across all of our projects, we’d know how much good Project Management could save us. That’s the point of this article.
Second, if the project survived the early work and we have an approved plan, then the team move ahead into “execution” and we execute the project (work). This does not make sense, does it? It sounds like approval was the governor ordering to proceed with execution instead of sparing the life of the innocent project. So if we do not kill it early we execute it after planning.
This was successful for a while, but there were still problems. Despite all my work to drain the swamp and no matter how clean I kept the stream, the water kept flooding from all directions. I concluded that in order to finish this project, I was going to need to locate the swamp’s source. In this article, I will describe what I did to find and develop this water source, relating it to some basics practices of project management.
15. Reward appropriately when working with dispersed project team members. Not everyone needs the same benefits and kudos from a project. But remember to tell them that they did good work if you want to work with them again.