Corporate executives and administrators often view hiring project managers (PMs) as an unnecessary expense. Most of them would rather allot the fund to different aspects of the project or simply propose a smaller budget that only covers the actual construction, design, and fit-out of the building. However, due to the effort and time that project execution demands, they may neglect overseeing other aspects, especially the running costs and timeframe or schedule. In the end, they often end up spending more than what they planned for or worse, missing the project deadline.
By working with an experienced project management firm, these scenarios could be avoided. Having a PM to assist you in integrating all the aspects of the project--right from the planning down to the construction and property administration--can help you achieve greater financial success and ensure timeliness. Working with a PM is also more beneficial for companies who are new to the Philippines, since they would have a guide through the tedious and complicated processes involved in applying for permits, filing documents, and other administrative requirements. Still unconvinced? Here are three more reasons to hire a project management firm:
- Improves task management and maximizes human and skill resources.
Often, in-house delegates in the Philippines do not have the training or experience required to effectively manage the project. And in most cases, this is even added to their ongoing responsibilities which decreases the time and effort devoted to the task. With a PM, however, owners and their staff can focus on their specific roles that concern other important aspects of the project instead of taking on unrelated tasks.
- Access to a efficient collaboration process to ensure excellent results.
A PM can effectively collaborate with the designers, quantity surveyors, and contractors to ensure that all of their services are streamlined under a clear vision and strategy. Owners won't have to deal with fee negotiation, structuring the project, and other steps involved in the development process.
- Provides a cost-effective and strategic view that can help companies save millions of dollars.
A good PM is capable of determining the relationship of the current project of the company to its existing buildings, creating better strategies that will yield future growth from the property. At the same time, the firm should be able to provide up-to-date and comprehensive advice to owners right from the planning and inception stage to anticipate and minimize possible risks while limiting project expenditures and monitoring its needs.
For more information about property management in the Philippines, contact KMC MAG Group today.