Is PMP the Right Choice for the Construction Industry?

Project Management Professional (PMP) is a top-notch certification accredited by the Project Management Institute (PMI). The credential exhibits an individual's potential to lead and direct projects efficiently.

The construction industry is one of the most diversified and chaotic sectors, enriching the demand for professional skillsets. The method used to manage projects in the sector is 'Waterfall,' which is emphasized by the PMP-certified professionals.

A prime concern of the construction industry is to avoid costly errors as millions of dollars are at stake. Furthermore, the professional in this sector is under time and economic pressure; therefore, they must picture every possible situation and factor it into their planning.

In this article, we'll see whether PMP is the best choice for the construction sector, the role of managers in the industry followed by job roles and salary.

Significance of PMP Certification in the Construction Sector

The PMP is a highly in-demand accreditation in the construction sector, gaining recognition in a wide range of industry verticals. The credential is significant for construction managers as it offers you the basic potentials need to generate outcomes and lead teams.

PMP for construction management is significant as the projects in this field are generally massive and challenging. Hence an unexpected churn in the projects can cause an enormous impact on the overall expense, deadline, and quality.

Let us see how the PMP credential is important for construction project success.

Planning and Development

The initial step in the construction method is to decide whether or not to move forward with the project. Once you start with the project, it will cost a leg to cease, and the more they progress, the more losses the managers and organization will face.

It's crucial to evaluate feasibility studies and acquire data from stakeholders during the planning and development stage. In addition, due to the construction project complexity, the agreement for projects must be finished and well-defined from the beginning.

The PMP credential awards you with the knowledge needed to execute this work accurately.

Preconstruction

The main objective of the preconstruction process - develop a project plan highlighting 'What, When, and How' it's done, followed by the process expenses. 

This phase includes crucial tasks like setting up budgets, creating deadlines, defining & allocating resources, distributing works, and charting operations. Therefore, excluding accurate planning can lead to detrimental consequences for the project.

The PMP credential in the construction process educates you to plan a project from the beginning to the end and collect detailed game plans for each project aspect.

Execution

The project management game plan should carry out the instruction to ensure that all the business plans are completed within the timeline. 

Project execution is the most vital and resource-intensive part of the construction sector; PMP accreditation in construction educates the professionals on carrying out plans and managing the resources efficiently.

Monitoring & Control

Every nook and corner must be carefully monitored and controlled when a project is in progress. When it comes to construction projects, this phase is of utmost significance as a small fallacy in scope or cost creep can be dangerous.

The real-time updating of significant KPIs offers relevant insight into project performance. Therefore, determining the accurate KPIs is crucial as it allows us to keep an eye on the project's progress and find any deviations from the actual plan.

The acquisition, expense, and other essential factors of the project can be monitored to maintain budgets under control and meet deadlines.

With the certification of PMP for construction management, the managers will have the tools and methodologies required for monitoring and controlling a project to its closure.

The Roles of Construction Project Manager

The role of a project manager is to keep track of projects in terms of resource allocation, schedule & budget, project progress, and produce high-quality results. 

By prioritizing data and streamlining communication, the project managers enable more efficient tasks.

Here, we will see how PMP certification helps project managers in the construction industry.

Project Planning

Handling a large-scale project is never easy, especially in the construction industry; hence project planning is crucial. With a well-defined strategy, running costs can be controlled, expenses can be minimized, deliverables on time, and maintaining of quality standards.

It's the role of project managers to partner will all groups involved to create milestones that individuals can meet.

Risk Management

Risk management is a vital factor in construction projects. Project managers must closely watch every process phase, determine potential loopholes, quantify them, devise techniques for alleviating them, and have an occurrence plan in place.

Quality Control

Quality standard maintenance is a significant factor in completing a project on time and within budget. In addition, due to project stakeholders' high level of urgency, the project tends to tend to fasten up its processes.

When it comes to achieving ROI, the construction manager must monitor the quality and safety level that must be satisfied.

Subject Matter Proficiency

The management of operations and tasks is carried out by project managers who bring their proficiency to each project. Moreover, they empower open and considerate communication among the stakeholders, i.e., from senior management to vendors.

Individuals who have attended project management courses are well-resourced to tackle challenging projects and ensure the project's goal and quality are fulfilled on time and within budget.

Salary and Job Roles of Construction Project Manager

The construction sector provides a wide range of roles talent pools can prove themselves, educate from, and develop into.

The below-tabulated figure indicates the pay scale and job roles of PMP certified professionals in 2022:

Winding Up

Due to enormous money and other resources at stake in the project development, the price of downfall is considerable. Therefore, a professional method of construction management is always ideal.

Holding a PMP certification in the construction sector will benefit the professionals by educating them on the best methods, structures, and tools for successful project management. Moreover, they can closely watch the project's progress and create a more uniform approach to executing the project at all levels.

To build a career in the project management field and develop your skills, enroll in the iCert Global PMP Certification Training Program, a PMI-approved training provider. The course will teach you how to plan, organize, execute, and direct successful projects irrespective of the scale or complexity.