Project Management course
The goal of construction project is to build something. What differentiate the construction
industry from other industries is that its projects are large, built on-site, and generally unique.
Time, money, labor, equipment, and, materials are all examples of the kinds of resources that are
consumed by the project.
Projects begin with a stated goal established by the owner and accomplished by the project team.
As the team begins to design, estimate, and plan out the project, the members learn more about
the project than was known when the goal was first established. This often leads to a redefinition
of the stated project goals.
The construction industry is the largest industry in the world. It is more of a service than a
manufacturing industry. Growth in this industry in fact is an indicator of the economic conditions
of a country. This is because the construction industry consumes a wide employment circle of
labor.
While the manufacturing industry exhibit high-quality products, timelines of service delivery,
reasonable cost of service, and low failure rates, the construction industry, on the other hand, is
generally the opposite. Most projects exhibit cost overruns, time extensions, and conflicts among
parties. Figure 1.1 is an example of a complicated project.
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