Essay on Construction Project Management and Business...

Construction Project Management and Business Management Over the past few years, the construction industry has been changing dramatically. One of the most important stages in the construction management and business management is the planning phase. They share similar two main levels of planning which are the strategic and operational planning. However, business management planning to decide in advance what should be done, and how to do it, when you do and you are done. On the other hand, Construction management strategic planning is to deal with selection on a high level of overall objective of the project, including the scope, procurement methods, schedules and financing options but the planning of operations, including the†¦show more content†¦In addition, management according to Cole (2008) is achievement of the objectives through to the five basic administrative functions (planning, organizing, staffing, directing and controlling). Construction management and business management share similarity elements of planning such as, goals, policies, rules and procedures. Nevertheless, they differ in the chart when the standard is the time. Planning for the construction management regard only to the period required to complete a construction project. However, business management planning can be divided into long-term planning and short-term which aims to give a clear picture of business for the future. The stages of the construction project management differ from the stage of business management, in several respects. For example, construction management first stage is the resolution; it is necessary to identify requirements relating to the project by the owner and choose a consult to help in completing a preliminary assessment for the project and the feasibility, also the impact of its presence in the economic and social development areas. 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