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International Project Management

In: Business and Management

Submitted By scissorkate
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KTE2017 International Project Management
Period 1, 26.08. - 31.12.2013
Module 2 1.10.2013

Siitonen P., 2012)

Life Cycle of a Construction Project

Siitonen P., 2012)

Siitonen P., 2012)

A project – Total Effort

Potential Risks in construction projects
• • • The uncertainty in undertaking a construction project comes from many sources and often involves many participants in the project. Since each participant tries to minimize its own risk, the conflicts among various participants can be detrimental to the project. Only the owner has the power to moderate such conflicts as it alone holds the key to risk assignment through proper contractual relations with other participants.

Risks in construction projects may be classified in a number of ways. One form of classification is as follows:
– Socioeconomic factors
• • • • Environmental protection Public safety regulation Economic instability Exchange rate fluctuation Contractual relations Attitudes of participants Communication Design assumptions Site conditions Construction procedures Construction occupational safety



Organizational relationships
• • •



Technological problems
• • • •

(Source: http://pmbook.ce.cmu.edu/)

Assignment 2
How the construction project flows? What are the critical operations for the success of a Project?
• Utilize mind map techniques to clarify the assignment as completely and clearly as possible. • Create groups (3 persons in each group) • Return your assignment into the Moodle in pdf form • Include the names of all members of the group in the Mindmap

• Deadline 27.9.2013, 3pm.

Project management
• Levels of management of a construction project
• The main tasks of construction project management • Organizing a construction project

Project management is…
• the art of directing and coordinating human and material resources…...

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