Avoiding the common mistakes of construction project management
Abstract: A construction company’s profitability weighs in large part on how effectively it manages its jobs. It must maximize efficiency, minimize waste and seize every opportunity to build its bottom line (without rubbing owners the wrong way). Unfortunately, many things can go wrong. This article looks at some of the common mistakes in construction project management — such as misjudging risk, ignoring key financial ratios, and failing to establish clear lines of communication — and how to avoid them.